Which of the Following Is True Regarding Matt's Entitlement to Sue

question 51

Multiple Choice

Which of the following is true regarding Matt's entitlement to sue on behalf of the partnership?

• A) If the general partners fail to bring a suit on behalf of the limited partnership, the limited partner can bring the suit.
• B) If the general partners fail to bring a suit on behalf of the limited partnership, the limited partner can bring suit but only after obtaining the permission of all general partners.
• C) If the general partners fail to bring a suit on behalf of the limited partnership, the limited partner can bring suit but only after obtaining the permission of a majority of the general partners.
• D) A limited partner has no rights to bring suit on behalf of the partnership.
• E) A limited partner has a right to bring suit on behalf of the partnership only if the litigation is in an amount of over $75,000 and then only with the permission of all general partners.

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