What Must Be Done by a Limited Partnership That Is

question 28

Multiple Choice

What must be done by a limited partnership that is properly registered in one state in order to conduct business in another state?

• A) Nothing,because the home state registration is good in all states.
• B) It must obtain a certificate of limited partnership just as it had in the first state.
• C) It must clearly indicate that it is formed in a different state to all parties with whom it does business.
• D) It must obtain a registered agent in the new state.
• E) It must obtain a certificate of registration in the new state.

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Definitions:

Price Fixing

An illegal practice where businesses collude to set prices at a certain level, rather than allowing market forces to determine them.

Microsoft

A multinational corporation that specializes in the development, manufacturing, licensing, support, and sales of computer software, consumer electronics, and personal computers and services.

Antitrust Policy

Regulations and laws that encourage competition by limiting monopolies, preventing mergers that would restrict competition, and other business practices that would reduce consumer welfare.

Tacit Collusion

An unspoken, informal agreement among competitors to limit competition and keep prices high.