Which of the Following Is Correct Regarding the Fiduciary Duties

question 61

Multiple Choice

Which of the following is correct regarding the fiduciary duties in a limited partnership?

• A) The general partner has a fiduciary duty to the limited partners.
• B) Judicial authority seems to suggest that the limited partner has no fiduciary duty to the partnership.
• C) The fiduciary duty of the general partner is extremely important to the interests of the limited partners,because they have no ability to manage or control the partnership business.
• D) All of these are correct.

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