When No LP Certificate Is Filed, What Is the Result

question 50

Multiple Choice

When no LP certificate is filed, what is the result?

• A) Only limited partners are fully liable.
• B) Only general partners are fully liable.
• C) Limited partners retain their limited liability.
• D) Both general and limited partners are fully liable.

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Definitions:

Hardy Personality

A set of personality traits that allow a person to remain resilient and stress-resistant in the face of adversity.

Preoccupation

The state of being absorbed in thought; focusing on a particular idea or topic to the exclusion of others.

Dissatisfaction

A feeling of unhappiness or disappointment arising from unmet expectations or needs.

Personality Influences

The impact that an individual's character traits have on their behaviors, reactions, and interactions with others.