Which of the Following Is Not True About the Termination

question 388

Multiple Choice

Which of the following is not true about the termination of a limited partnership?

• A) the bankruptcy of a limited partner does not force termination
• B) the business may continue to operate during dissolution
• C) creditors' rights come before partners' rights to funds
• D) limited and general partners share assets equally at the same time after the creditors are paid
• E) all of the other choices are true

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IMC

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