Which of the Following Is True of a Limited Partnership

question 46

Multiple Choice

Which of the following is true of a limited partnership agreement?

• A)It provides that all transactions must be approved by all partners.
• B)It does not contain information about dissolution of the partnership as it an agreement of formation.
• C)It provides that general and limited partners have equal voting rights.
• D)It sets forth the terms and conditions regarding the termination of the partnership.

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Definitions:

Self-actualizing

The process of realizing and expressing one's own capabilities and creativity, often considered the pinnacle of psychological development in Maslow's hierarchy of needs.

Maslow

An American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Construal

The way an individual makes sense of the world around him.

Humanist

A person or an approach that emphasizes the value and agency of human beings, individually and collectively.