Examlex
Match each description with the item below.
-Thomas Jackson
Limited Partner
A type of investor in a partnership who has limited liability to the extent of their investment and typically does not participate in daily business management.
Statutory Provisions
Laws or regulations enacted by the legislative body that must be adhered to.
Liability
The condition of having legal accountability, especially regarding debts or legal duties.
Limited Partnership
A type of partnership composed of one or more general partners who manage the business and are personally liable, and one or more limited partners who contribute capital and have limited liability.
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