Which One of the Following Statements Is True Regarding a Partner's

question 24

Multiple Choice

Which one of the following statements is true regarding a partner's personal liability for partnership assets?

• A) LLC members can never be liable for entity debts.
• B) In a limited partnership, all partners have limited liability for partnership debts.
• C) In a limited liability partnership, a partner might be subject to liability for other partners' malpractice.
• D) In a general partnership, all partners are liable for entity debts.
• E) None of these statements is true.

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Definitions:

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