Which of the Following Is NOT True for a Limited

question 58

Multiple Choice

Which of the following is NOT true for a limited partnership?

• A)limited liability for its owners
• B)One general partner must exist who has unlimited liability.
• C)Only the name of general partners can appear in the name of the firm.
• D)Limited partners may sell their interest in the company.

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Definitions:

Clayton Act

A U.S. antitrust law enacted in 1914, aimed at promoting competition by preventing mergers and acquisitions that could potentially reduce competition.

Market Share

The portion of a market controlled by a particular company, often expressed as a percentage of total sales in that market.

Patentable Technologies

Innovations or inventions that meet specific criteria for novelty, non-obviousness, and utility, thus eligible for patent protection.

Market Extension Merger

A merger between companies in different markets that sell similar products or services, aiming to expand their market reach.