Which of the Following Statements Is TRUE for a Limited

question 2

Multiple Choice

Which of the following statements is TRUE for a limited liability partnership?

• A)The partners all have limited liability for the debts of the partnership.
• B)The partners all have limited liability for the acts of the other partners.
• C)The general partner has unlimited liability for the debts of the partnership.
• D)The limited partners have unlimited liability for the debts of the partnership.

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