Which of the Following Is Untrue of a Limited Partnership

question 36

Multiple Choice

Which of the following is untrue of a limited partnership?

• A) Limited partnerships must be formed under a state statute.
• B) Limited partners cannot ordinarily be named in the partnership business name.
• C) Partners in limited partnerships must contribute services to the partnership.
• D) Limited partners are generally not responsible for the debts of the partnership beyond their investment.

---

Definitions:

Nicolaus Copernicus

A Renaissance mathematician and astronomer who proposed the heliocentric model of the universe, placing the Sun, not the Earth, at the center.

Sun

The star at the center of our solar system, which provides light and heat to Earth, enabling life.

Dualism

The philosophical or religious belief that reality consists of two fundamental entities, such as mind and matter, or good and evil.

Nonmaterial Realm

A concept or domain that is not physical or tangible, often associated with spiritual or intellectual aspects.