Development LP Is a Limited Partnership That Invests in Residential

question 26

Multiple Choice

Development LP is a limited partnership that invests in residential real estate projects. Its limited partners include more than 150 sophisticated investors and investment professionals, including Ethan. Ethan loses his limited liability if he

• A)participates in the firm's management.
• B)does not participate in the firm's management.
• C)invests in a project that the firm has declined.
• D)votes to sell or dissolve the firm.

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