A General Partner in a Limited Partnership

question 22

Multiple Choice

A general partner in a limited partnership

• A) is responsible for management duties in the business.
• B) is liable for partnership liabilities only to the extent of the partner's capital investment.
• C) is protected from any malpractice or negligence claims resulting from the acts of another partner.
• D) has limited liability for partnership debts.

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Definitions:

Sensitization

the process of becoming more sensitive to a particular stimulus over time, particularly in the context of allergy or immune response.

Associative Conditioning

A learning process in which a relationship is formed between two stimuli or between a stimulus and a behavior.

Habituation

The process by which an organism decreases or stops its response to a repetitive stimulus over time.

Sensitization

An increased response to a stimulus following repeated exposures to it.