Which of the Following Statements About Limited Partnerships Is Incorrect

question 35

Multiple Choice

Which of the following statements about limited partnerships is incorrect?

• A) A limited partnership is a modified form of a general partnership.
• B) Limited partnerships are common in real estate and oil and gas exploration.
• C) A limited partnership is usually formed to raise money or to spread out the risk of a venture without forming a corporation.
• D) Both the limited partners and the general partners are responsible for the debts and obligations of the partnership.
• E) A limited partnership contains two classes of owners-general and limited partners.

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Definitions:

Temporomandibular Joint

The hinge joint that connects the lower jaw (mandible) to the temporal bone of the skull, which is in front of the ear on each side of the head.

Temporal Bone

A bone on the side of the skull, housing structures of the ear and forming part of the side and base of the skull.

Articular Surfaces

The surfaces of bones that come into contact with one another to form joints.

Range of Motion

The full movement potential of a joint, usually its range of flexion and extension.