Which of the Following Is True of Limited Partners in a Limited

question 63

Multiple Choice

Which of the following is true of limited partners in a limited partnership?

• A)They have limited liability for the debts of the business but their potential for profits is unlimited.
• B)They usually have first claim to profits and losses made by the business.
• C)They assume the same operational duties as that of the general partner.
• D)They have to assume a liability beyond their contribution in the business in the event of a bankruptcy.

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Definitions:

Sodium Chloride

A chemical compound more commonly known as salt, used in various medical treatments and as a food seasoning.

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A condition where fluid accumulates in the lungs, making it difficult to breathe and adequately oxygenate the blood.

Vascular Volume

The total volume of blood contained within the body's network of blood vessels, crucial for maintaining blood pressure and adequate tissue perfusion.

Osmosis

The movement of water molecules through a semipermeable membrane from an area of lower solute concentration to an area of higher solute concentration.