Examlex
Distinguish M1 from M2.
Liability
The condition of being officially accountable for something, particularly regarding financial debts or legal duties.
False Statements
Deliberately untrue declarations made with the intent to deceive or mislead.
Limited Partnership
A partnership arrangement where some partners have limited liability for the debts of the business, contributing only to the extent of their investment.
RULPA
The Revised Uniform Limited Partnership Act (RULPA) is a set of rules created to govern the formation, operation, and dissolution of limited partnerships, aiming to provide a consistent framework across states that adopt it.
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