If Jack Contributed $1000 as a Limited Partner, Signed a Certificate

question 63

Multiple Choice

If Jack contributed $1000 as a limited partner, signed a certificate, but the certificate was filed in the wrong office, Jack:

• A) will not be liable as a general partner if he quickly withdraws from the business and renounces future profits.
• B) cannot avoid liability as a general partner under any circumstances.
• C) is not a partner at all and may withdraw his contribution.
• D) may become a limited partner by giving constructive notice of the defective filing to all potential business contacts by an advertisement in a publication of general circulation.

---

Definitions:

Folic Acid

A water-soluble B vitamin that is crucial in the synthesis of nucleic acid and the formation of red blood cells, often recommended during pregnancy.

DNA

A nucleic acid that contains the genetic information of cells.

Red Blood Cells

Cells in the blood that carry oxygen from the lungs to the body's tissues and return carbon dioxide from the tissues back to the lungs.

Intestinal Lipase

An enzyme produced in the intestine that breaks down fats into fatty acids and glycerol during digestion.