Limited Partners Have Liability

question 124

Multiple Choice

Limited partners have liability:

• A)for the full amount of partnership debts.
• B)only for the amount of their contribution.
• C)for the negligent acts of the general partner.
• D)none of the above

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Definitions:

Desired Behavior

Specific actions or responses that are sought after or encouraged in a particular context or situation.

Kaizen

A Japanese term for 'continuous improvement', often applied in business contexts to denote ongoing, incremental improvement strategies.

Reinforcement

In psychology, a consequence that strengthens an organism's behavior whenever that behavior is preceded by a specific antecedent stimulus.

Positive Behaviors

Actions or conduct that are considered beneficial, constructive, or promoting well-being and positive outcomes.