In a limited partnership,a general partner

Question

Quizplus · Accepted Answer

In a limited partnership, the general partner has unlimited liability for partnership debt, meaning they can be held personally responsible for any debts or legal obligations incurred by the partnership. This is in contrast to limited partners, who have limited liability and are not personally responsible for the partnership's debts beyond their initial investment. Additionally, as a general partner, they typically have more involvement in the management and decision-making of the business compared to limited partners. Therefore, choice D is the correct answer.

In a Limited Partnership,a General Partner