Which of the Following Statements Is False Concerning Limited Partnerships

question 114

Multiple Choice

Which of the following statements is false concerning limited partnerships?

• A) Limited partners are responsible for all debts of the partnership.
• B) Limited partners generally do not manage the partnership.
• C) In a limited partnership, all partners share is limited to the amount contributed to the partnership.
• D) Limited partnerships can bring in more partners.
• E) Limited partnerships have limited liability (to the extent of their investment).

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Definitions:

Communications

The exchange of information between parties, which can be verbal, written, or through other media, and is crucial in all professional and personal interactions.

Electronic Communications

The transfer of information using electronic means such as emails, texts, and social media.

Confidential

Information meant to be kept private or secret, shared only between individuals with permission to access it.

Opposing Party

The other side in a legal dispute or litigation.