Which of the Following Is NOT True for Limited Partnerships

question 52

Multiple Choice

Which of the following is NOT true for limited partnerships?

• A)Limited partners can only manage the business.
• 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.

---

Definitions:

Persuasive Claims

Statements designed to convince or persuade the audience of a particular viewpoint or action.

Billing Occur

The process or instance when charges for services or goods are officially recorded or invoiced.

Wrong Shipments

Occurrences where goods are incorrectly sent to a different destination or recipient than intended.

Logical Case

A reasoned argument or factual reasoning that supports a specific conclusion or idea.