Which of the Following Types of Liability Does a General

question 54

Multiple Choice

Which of the following types of liability does a general partner of a limited partnership have for the debts and obligations of the limited partnership?

• A)unlimited personal liability
• B)limited capital liability
• C)liability of termination as partner
• D)limited personal liability

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Definitions:

Competitive

The characteristic of constantly striving to be better than others, often through comparisons or direct competition in a market.

Adoption Benefits

Employment benefits, such as leave or financial assistance, offered to employees to support the process of adopting a child.

Innovative Benefits

Non-traditional employee perks designed to enhance job satisfaction and productivity, often tailored to meet unique needs.

Talent

The natural aptitudes, skills, and competencies possessed by individuals, especially those that are valuable to organizations.