Which of the Following Statements Regarding Limited Partnerships Is TRUE

question 28

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 their investment.
• C)A limited partner is not liable until all the assets of the general partners have been exhausted.
• D)A general partner's liability is limited by the amount of their investment.

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