Which of the Following Statements Is TRUE for a Limited

question 146

Multiple Choice

Which of the following statements is TRUE for a limited liability partnership?

• A)All partners have limited liability for the debts of the partnership.
• B)All partners have limited liability for the acts of the other partners.
• C)The general partner has unlimited liability for the debts of the partnership.
• D)The limited partners have unlimited liability for the debts of the partnership.

---

Definitions:

SHIFT+TAB

A keyboard shortcut typically used to navigate back through fields, menu items, or UI elements in a reverse order.

Datasheet

A presentation of data in tabular form, often used in software applications to display and edit records.

Data Types

Categories that specify the kind of data that can be stored and manipulated within a program, such as integers, strings, or Boolean values.

Table Datasheet View

A layout view in database and spreadsheet applications that presents data in rows and columns, similar to a table.