In a limited partnership,the liability of the limited partners generally is restricted to the amount of funds that they have invested in the company but the general partners have unlimited liability.

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This statement is true. Limited partners have limited liability, meaning that they are only liable for the amount of funds they have invested in the company. However, the general partners have unlimited liability, meaning that they can be personally responsible for the debts and obligations of the partnership.

In a Limited Partnership,the Liability of the Limited Partners Generally