Christin and Paola operate a business in which both have contributed $50,000 to the business's capitalization.Christin makes all business decisions,and Paola made Christin sign a partnership agreement saying that Paola is liable only for partnership debts up to $50,000.

Question

Quizplus · Accepted Answer

A) Paola has an agreement limiting her liability and she makes no day-to-day
business decisions, so she is indeed a limited partner.
q) Paola has an agreement limiting her liability and she makes no day-to-day business decisions, so she is indeed a limited partner.
r) Paola has an agreement limiting her liability and she makes no day-to-day business decisions, so she is indeed a limited partner.
s) Paola has an agreement limiting her liability and she makes no day-to-day business decisions, so she is indeed a limited partner.

Christin and Paola Operate a Business in Which Both Have