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.

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Definitions:

Amperage

The strength of an electric current measured in amperes, indicating the flow rate of electric charge through a conductor.

Electrical Circuit

A network consisting of a closed loop, giving a return path for electric current to flow, which includes at least one power source and one electrical component.

Resistance

The opposition to the flow of electric current through a conductor, quantified in ohms (Ω).

Grounding Conductor

An electrical wire that provides a path for electrical current to travel safely to the ground in case of a fault.