Which of the Following Is True of a Limited Partnership

question 61

Multiple Choice

Which of the following is true of a limited partnership?

• A) Other limited partnerships cannot become limited partners in an existing limited partnership.
• B) A limited partner is personally liable for the debts of the partnership.
• C) Corporations are allowed to become partners in a limited partnership.
• D) A limited partnership can have only one general partner but multiple limited partners.

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