In a Limited Partnership,general Partners

question 43

Multiple Choice

In a limited partnership,general partners:

• A)take an active part in management,but have unlimited liability for the firm's debts.
• B)take an active part in management,but have no liability for the firm's debts.
• C)take an active part in management,but are nonparticipating investors.
• D)take no part in management,but contribute cash or property.

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