Which of the following statements is true regarding limited partners in a limited partnership?
A) Both the right to manage and the right to bind the limited partnership are reserved to the limited partners.
B) The limited partners of a limited partnership are personally liable for the partnership's debts.
C) The limited partners have the power to bind the partnership.
D) The limited partners do not have any say in the ordinary operations of the partnership.
Correct Answer:
Verified
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