Which of the Following Statements Is False Regarding a Limited

question 42

Multiple Choice

Which of the following statements is false regarding a limited partnership?

• A) There must be at least one general partner.
• B) There must be at least two limited partners.
• C) The partnership must use the word "limited" in its title.
• D) The parties must file a certificate of partnership with a state office to create it.
• E) If a limited partner dies, the limited partnership is usually unaffected.

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Definitions:

Complex Project

A project characterized by high levels of uncertainty, risk, and interdependencies among its components, often requiring innovative solutions.

Development

The process of growing, advancing, or improving in skills, knowledge, or projects.

Not-For-Profit Organization

An organization that operates for purposes other than making a profit, often focusing on social, educational, or charitable activities.

Funding

The act of providing financial resources, typically in the form of money, or other values such as effort or time, to finance a need, program, and project, usually by an organization or government.