All of the Following Statements Regarding LP's Are Not True

question 4

Multiple Choice

All of the following statements regarding LP's are not true, except: _______.

• A) The words limited partnership or simply LP must appear in the firm's name.
• B) General partners cannot avoid personal liability by incorporating.
• C) Limited partners can lose their liability limitation if they participate in the control of the business.
• D) If sued, limited partners can lose more than their capital investment.

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Definitions:

1940s

A decade in the 20th century, notable for events such as World War II and the beginning of significant social and technological changes.

1950s

A decade in the 20th century characterized by post-World War II recovery, economic prosperity, and significant cultural and technological developments.

1960s

A decade marked by significant social, political, and cultural change, influencing various sectors including civil rights, music, and technology.

ADHD-I

Attention Deficit Hyperactivity Disorder, Inattentive Type, is characterized by issues with attention, distraction, and organization, without the hyperactivity commonly associated with ADHD.