Which of the Following Is Correct with Respect to Limited

question 108

Multiple Choice

Which of the following is correct with respect to limited partnerships?

• A) Limited partnership refers to the fact that no more than five people are allowed to be partners in such partnerships.
• B) Limited partnership refers to the fact that limited partnerships can only carry on in certain kinds of businesses.
• C) Limited partnership refers to the fact that some partners have limited liability.
• D) Limited partnership refers to the fact that some partnerships are only created for a limited period of time.
• E) Limited partnership refers to the fact that the partnership can only issue common shares.

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