Which Statement Is True Regarding the Issue of Fernando's Father

question 15

Multiple Choice

Which statement is true regarding the issue of Fernando's father deciding to manage the partnership?

• A)He may be involved in management;but,as a limited partner,he may not be paid additional amounts for doing so.
• B)As a limited partner,he may not be involved in management and retain limited liability.
• C)There is no effect on the partnership agreement.
• D)Before he can undertake management duties,he must get the approval of at least one half of all general and limited partners.
• E)He may be involved in all matters of management except strategic planning.