Which of the Following Is True Regarding the Rights of General

question 79

Multiple Choice

Which of the following is true regarding the rights of general partners and limited partners?

• A) A general partner has limited personal liability for the debts of the partnership.
• B) The general partner typically has exclusive control and management of the limited partnership.
• C) Limited partners have no right to an account of the partnership.
• D) A general partner may add additional partners without the consent of limited partners.
• E) General partners always recover their investment before limited partners.

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