All of the Following Statements Regarding LP's Are Not True

question 4

Multiple Choice

All of the following statements regarding LP's are not true, except: _______.

• A) The words limited partnership or simply LP must appear in the firm's name.
• B) General partners cannot avoid personal liability by incorporating.
• C) Limited partners can lose their liability limitation if they participate in the control of the business.
• D) If sued, limited partners can lose more than their capital investment.

---

Definitions:

Rigid Commitment

An inflexible adherence to a particular belief, course of action, or viewpoint, often regardless of the consequences or evidence suggesting alternate approaches.

Broad Treatment

A comprehensive approach to therapy that considers multiple facets of the patient's condition and circumstances in designing a treatment plan.

Mutual Expectations

Assumptions or beliefs about what individuals expect from each other in a social interaction or relationship.

Couple Therapists

Professionals who specialize in helping partners in a relationship improve their communication, resolve conflicts, and strengthen their bonds.