Examlex
Which of the following is NOT true about the Securities and Exchange Commission:
Capital Contribution
The amount of money or assets provided by an owner or partner to a business for use as capital.
Limited Partner
An investor in a partnership who has limited liability to the extent of their investment in the partnership and does not participate in day-to-day management.
Fiduciary Duty
A legal obligation of one party to act in the best interest of another when entrusted with care of money, property, or secrets.
Limited Partner
A limited partner participates in a partnership with limited liability and typically does not participate in the day-to-day management of the business, contrasting with a general partner who has unlimited liability.
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