Which of the Following Is Not True for a Limited

question 49

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:

Refractory Period

A period immediately following stimulation during which a nerve or muscle is unresponsive to further stimulation.

Human Response Cycle

A model describing the stages of physiological responses in sexual function, traditionally including excitement, plateau, orgasm, and resolution phases.

Excitement

A state or feeling of great enthusiasm and eagerness, characterized by increased physiological activity.