Regarding Limited Partners

question 61

Multiple Choice

Regarding limited partners,

• A) they may withdraw from the partnership at any time, but they forfeit their investment if they withdraw early.
• B) they may not withdraw before the time that the partners have agreed the partnership will terminate.
• C) if the partnership agreement is silent as to notice required prior to termination, 90 days' written notice is required before the limited partner may withdraw.
• D) they must obtain a court order to withdraw because of their limited liability and its effect on the remaining partners and third parties dealing with the business.

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Definitions:

Dual Processing

The concept that information is frequently processed at the same time through distinct conscious and unconscious pathways in the brain.

Blindsight Processing

A phenomenon where individuals with cortical blindness can respond to visual stimuli without consciously perceiving them, indicating non-conscious visual processing.

Stomach Enzyme

Biological catalysts secreted by the stomach to aid in the digestion and breakdown of food.

Parallel Processing

The ability of the brain to simultaneously process incoming stimuli of differing quality.