Unless Otherwise Agreed, Under RULPA, a Limited Partner Is Entitled

question 64

Multiple Choice

Unless otherwise agreed, under RULPA, a limited partner is entitled to repayment of his capital contribution under which of the following conditions?

• A) Before general partners are repaid their capital contribution.
• B) The partnership's postdistribution assets would be sufficient to pay all of its liabilities to nonpartners.
• C) Only after general partners have been repaid their capital contribution.
• D) None of these.

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Get Along

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Free from outside control; not depending on another's authority.

Avoiding Style

A conflict resolution approach where individuals deliberately evade addressing an issue or engaging in confrontation.

Alcoholics

Individuals who suffer from alcoholism, a chronic disorder characterized by uncontrolled consumption of alcohol despite its negative effects on their health, social, and economic status.