Which of the Following Is Correct Regarding a Limited Partnership

question 34

Multiple Choice

Which of the following is correct regarding a limited partnership?

• A) It can only be created pursuant to statutory provisions.
• B) The general partner must make a cash or property contribution.
• C) Limited partners are unable to vote on the incurrence of debt other than in the ordinary course of business under the safe harbor provisions of the RULPA.
• D) It can be created in such a way that the general partner has limited liability.

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Definitions:

Culture

The cumulative deposit of knowledge, beliefs, norms, values, and artifacts that characterize human societies and guide both collective and individual behaviors.

Common Culture

Shared beliefs, practices, norms, values, and symbols among a group of people that foster a sense of identity and unity.

Postmodernism

Is characterized by an eclectic mixing of cultural elements and the erosion of consensus.

Transmit

To send or convey something from one person, place, or thing to another, commonly used in the context of communication, diseases, or information sharing.