Which of the Following Statements Regarding Limited Partnerships Is True

question 33

Multiple Choice

Which of the following statements regarding limited partnerships is true?

• A) There is no limit on a limited partner's liability.
• B) A limited partner's liability is limited by the amount of his investment.
• C) A limited partner is not liable until all of the assets of the general partners have been exhausted.
• D) A general partner's liability is limited by the amount of his investment.

---

Definitions:

Employment Equity

Is a policy giving preference to minority group members if equally qualified people are available for a position.

Socialist Feminism

A feminist theory that incorporates the principles of socialism to address the interconnected issues of patriarchy and economic inequality.

Liberal Feminism

A branch of feminism focused on achieving gender equality through political and legal reform within the current system.

Middle-class Women

Refers to females belonging to the middle socioeconomic class, often associated with moderate income, education level, and occupational status.