Which of the Following Must a Limited Partner Do or Refrain

question 59

Multiple Choice

Which of the following must a limited partner do or refrain from doing in order to retain limited personal liability?

• A) The limited partner must comply in good faith with the requirement that a certificate of limited partnership be filed.
• B) The limited partner may not participate in the control of the business.
• C) The limited partner's surname may not be a part of the partnership name.
• D) The limited partner must comply in good faith with the requirement that a certificate of limited partnership be filed, the limited partner may not participate in the control of the business, and the limited partner's surname may not be a part of the partnership name.
• E) The limited partner must comply in good faith with the requirement that a certificate of limited partnership be filed and the limited partner may not participate in the control of the business, but whether the limited partner's surname appears as a part of the partnership name is irrelevant to the issue of personal liability.

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