In a limited liability limited partnership,the liability of a general partner is limited to the amount of capital he or she has invested in the partnership.
Correct Answer:
Verified
Q6: An assignment of the interest of a
Q8: Withdrawal from a partnership for a term
Q9: A partner owes to the partnership and
Q10: In a general partnership,the partners are personally
Q13: A sharing of profits from the ownership
Q14: Under no circumstances can a non-partner be
Q15: A partner's profit from a partnership is
Q15: On a partner's dissociation,his or her duty
Q16: An association cannot be a partnership without
Q39: Some states have passed laws prohibiting the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents