Which One of the Following Statements Is TRUE Regarding a Partner's

question 74

Multiple Choice

Which one of the following statements is TRUE regarding a partner's personal liability for partnership assets?

• A) LLC members can never be liable for entity debts.
• B) In a limited partnership, all partners have limited liability for partnership debts.
• C) In a limited liability partnership, the partner might be subject to liability for other partners' malpractice.
• D) In a general partnership, all partners are liable for entity debts
• E) None of the above statements are true.