If Edd Contributed $1,000 as a Limited Partner and Signed

question 62

Multiple Choice

If Edd contributed $1,000 as a limited partner and signed a certificate of limited partnership,but the certificate was filed in the wrong office:

• A) Edd may avoid liability as a general partner if he withdraws from the business and quickly renounces future profits.
• B) Edd is not a partner at all and may withdraw his contribution.
• C) Edd is a general partner for all purposes.
• D) Edd may become a limited partner by quickly filing an affidavit stating he was not responsible for the erroneous filing.

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