Which of the Following Is Correct Regarding a Limited Partnership

question 52

Multiple Choice

Which of the following is correct regarding a limited partnership?

• A)The general partner must make a capital contribution.
• B)It can be created in such a way that the general partner has limited liability.
• C)It can only be created pursuant to statutory provisions.
• D)Limited partners are unable to vote on the incurrence of debt other than in the ordinary course of business under the safe harbor provisions of the RULPA.

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Definitions:

Prices

The financial amount expected, required, or supplied as remuneration for an item.

Income

Money received on a regular basis from work, property, investments, business ventures, and other sources, used to fund consumption and savings.

Laspeyres Index

A price index used to measure the change in the cost of purchasing a fixed basket of goods and services of the same type and quantity over time.

Prices

The amounts of money required to purchase goods or services, setting the economic value of said goods or services in the market.