False Statements in a Certificate of Limited Partnership or in an Amendment

question 3

True/False

False statements in a certificate of limited partnership or in an amendment to the certificate that cause loss to third parties who rely on the statements may result in liability for the general partners.

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Definitions:

Plain Folk

A term describing the average, working-class individuals, especially those living in rural areas or small towns, emphasizing their simplicity and honesty.

Historical Significance

The importance attributed to an event, object, or person in history based on its impact or contribution to the present and future.

Paternalism

A policy or practice of treating or governing people in a fatherly manner, especially by providing for their needs without giving them rights or responsibilities.

Canadian

Pertaining to Canada or its people, culture, or characteristics.