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How Does a Limited Partnership Overcome the Unlimited Liability Defect

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How does a limited partnership overcome the unlimited liability defect of a general partnership?


Definitions:

Black Suffrage

The right of African Americans to vote, a significant issue during the Reconstruction era in the United States, culminating in the passing of the 15th Amendment.

Andrew Johnson

Served as the 17th President of the United States, following the assassination of Abraham Lincoln, known for his turbulent presidency and impeachment trial.

Southern States

States located in the southern region of the United States, historically known for their agricultural economy and were part of the Confederacy during the American Civil War.

Fourteenth Amendment

An amendment to the United States Constitution, adopted in 1868, that granted citizenship and equal civil and legal rights to African Americans and formerly enslaved people.

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