According to the RULPA, What Liability Does a Corporation Have

question 27

Multiple Choice

According to the RULPA, what liability does a corporation have if it is a general partner to a limited partnership?

• A) unlimited personal liability
• B) liability restricted to debts up to its capital contributions
• C) liability of termination as partner
• D) unlimited organizational capital liability

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Definitions:

Voice Mail

A recorded audio message left by a caller when the recipient is unavailable to answer the phone.

Recipient

The person or entity that is intended to receive something, such as a message, email, or package.

Effective Listening

Effective listening is the process of actively paying attention, understanding, responding to, and remembering what is being said.

Trust

The reliance on the integrity, strength, ability, surety, or truth of someone or something, forming the foundation of interpersonal relationships and business dealings.