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Which Statement Is True Regarding the Issue of Fernando's Father

Question 66

Multiple Choice

Which statement is true regarding the issue of Fernando's father deciding to manage the partnership?


A) He may be involved in management;but,as a limited partner,he may not be paid additional amounts for doing so.
B) As a limited partner,he may not be involved in management and retain limited liability.
C) There is no effect on the partnership agreement.
D) Before he can undertake management duties,he must get the approval of at least one half of all general and limited partners.
E) He may be involved in all matters of management except strategic planning.

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