Dissolving a Limited Partnership Requires

question 28

Multiple Choice

Dissolving a limited partnership requires:

• A) a unanimous vote amongst all partners.
• B) a unanimous vote of the general partners and a majority vote of the limited partners.
• C) a unanimous vote of the general partners and consent of any limited partner who owns a majority of the rights to receive a distribution as a limited partner.
• D) a unanimous vote of the limited partners and consent of any general partner who owns a majority of the rights to receive a distribution as a general partner

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Definitions:

Conduct Electricity

The ability of a material to allow the flow of charge or electric current through it.

Covalent Bonds

Chemical bonds formed by the sharing of electron pairs between atoms, providing stability in molecular structures.

Charged Particles

Ions or electrons that carry an electric charge, either positive or negative.

Hydrogen Bonds

A type of weak chemical bond that is formed when the slightly positive hydrogen atom of one molecule is attracted to the slightly negative atom of another molecule, such as oxygen or nitrogen.