Which of the Following Is Incorrect with Respect to the Law

question 141

Multiple Choice

Which of the following is incorrect with respect to the law governing limited partnerships?

• A) Limited partners' liability only extends to the amount of money they have invested in the partnership.
• B) Limited partners, once registered as such, are assured of limited liability.
• C) Limited partners can lose their limited status by participating in management.
• D) Limited partners can lose their limited status by allowing their names to be associated with the name of the partnership.
• E) Limited partners can lose their limited status by failing to register as such.

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Definitions:

Constant

A value that does not change in the context of a mathematical equation or statistical model.

Held Constant

A term describing a variable that is not allowed to change throughout the course of an experiment or analysis.

Multiple Regression Model

A statistical technique that models the relationship between a dependent variable and two or more independent variables to understand how the dependent variable changes with changes in the independents.

Average Expected

A statistical measure reflecting the central value or mean outcome anticipated from a distribution of possible values or outcomes.