Anand has been asked to join a new partnership that is developing wind energy technologies.Because the business is high risk,he does not want to be liable for the firm's debts if the project should fail.He could still participate as a
A) general partner.
B) limited partner.
C) silent partner.
D) working partner.
E) contributor.

Question

Quizplus · Accepted Answer

A limited partner's liability is limited to his or her initial investment in the business.Limited partnerships are most often used for risky investments where the chance for loss is great.

Anand Has Been Asked to Join a New Partnership That