A Limited Partnership Differs from an Ordinary Partnership by

question 125

Multiple Choice

A limited partnership differs from an ordinary partnership by

• A)having a limited number of partners.
• B)having a limited number of partners,each with limited liability.
• C)including some partners whose liability is restricted to the amount that they invested in the firm.
• D)having limited liability of all partners.
• E)having unlimited liability for all partners.

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Definitions:

Dog

A domesticated carnivorous mammal (Canis familiaris) known for its loyalty and companionship as a pet.

Beagle

A breed of small hound dog known for its keen sense of smell and used primarily for hunting hares.

Referent

The actual object, idea, or event that a word or symbol represents.

Jewel

A precious stone or gem that is cut and polished to be used in jewelry or as a decoration.