Which of the Following Is Untrue of a Limited Partnership

question 38

Multiple Choice

Which of the following is untrue of a limited partnership?

• A) Limited partnerships must be formed under a state statute.
• B) Limited partners' surnames ordinarily cannot be used in the partnership business name.
• C) Partners in limited partnerships must contribute services to the partnership.
• D) Limited partners in a limited partnership are generally not responsible for the debts of the partnership beyond their investment.

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