If a Limited Partner Becomes Too Involved in the Management

question 77

True/False

If a limited partner becomes too involved in the management of the partnership he may become a general partner's operation of law and have more liability than he bargained for.

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Definitions:

Federal Government

The national government of a federal country, where powers are divided between the central authority and constituent political units.

Provoking War

The act or strategy of taking actions or making statements that are likely to lead to war.

Jefferson Davis

The President of the Confederate States of America during the American Civil War from 1861 to 1865.

Centralization

The concentration of administrative power and decision-making authority in a central location or governing body.