Under the Default Rules of the ULPA,a Limited Partner Who

question 2

Multiple Choice

Under the default rules of the ULPA,a limited partner who wishes to withdraw from a limited partnership has:

• A)the power but not the right to withdraw.
• B)the right but not the power to withdraw.
• C)neither the power nor the right to withdraw.
• D)both the power and the right to withdraw.

---

Definitions:

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of data points from their mean, commonly used to assess financial risk.

Defined Contribution Plan

A retirement savings plan where the amount contributed is specified, but the benefit received in the future depends on the performance of the investment options chosen.

Risk-free Return

The return on an investment with no risk of financial loss, typically represented by government bonds.

Standard Deviation

A statistical measure of the dispersion or variability in a data set, commonly used to gauge the risk associated with a financial investment.