Which of the Following Is True of General and Limited

question 19

Multiple Choice

Which of the following is true of general and limited partners in a limited partnership?

• A) Limited partners are exempt from annual capital investment and need only participate in management functions.
• B) General partners are not personally liable for partnership debts.
• C) General partners are required to invest capital and refrain from managerial activities.
• D) Limited partners are not personally liable for partnership debts beyond their capital contributions.