Examlex
Which of the following investments does not allow the investor to choose how to allocate assets?
Limited Liability
A legal structure that protects a company's owners or shareholders from being personally liable for the company’s debts or liabilities.
Limited Life
A term indicating that an entity or asset has a finite period of usefulness or existence.
General Partner
A partner in a partnership responsible for management decisions, who has unlimited liability for the debts and obligations.
Limited Partnership
A business structure where one or more general partners manage the business and are personally liable, while limited partners invest but do not partake in management or bear as much liability.
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