Which of the Following Is True Regarding the Liability of the Partners

question 67

Multiple Choice

Which of the following is true regarding the liability of the partners in a limited partnership?

• A) Both the limited and general partners have unlimited liability for partnership debts.
• B) Neither the limited nor the general partners have unlimited liability for partnership debts.
• C) The limited partners have limited liability and the general partners have unlimited liability for partnership debts.
• D) The limited partners have unlimited liability, and the general partners have limited liability, for partnership debts.
• E) If a corporation is a partner, its shareholders have unlimited liability for partnership debts.

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Definitions:

Implicit Memory

A form of memory that occurs without conscious retrieval, affecting thoughts and behaviors based on previous experiences unconsciously.

Recognized Quickly

This refers to the ability or process of identifying something without difficulty or delay.

Serve A Badminton Birdie

The action of starting play in a game of badminton by hitting the shuttlecock across the net to the opponent's side under specific rules.

Procedural Memory

A type of long-term memory that involves the recall of how to perform tasks such as walking, talking, or riding a bike.