Confirmations Are Among the Most Expensive Type of Evidence to Obtain

question 56

True/False

Confirmations are among the most expensive type of evidence to obtain.

---

Definitions:

Legislation

Laws or statutes enacted by a government's legislative body.

Limited Partnership Agreement

A contract among partners in which some are liable only up to the amount of their investments while others are fully liable.

Limited Partners

Investors in a limited partnership who contribute capital but do not participate in management and whose liability for the partnership's debts is limited to their investment.

General Partners

Individuals in a partnership who share unlimited personal liability for the debts and obligations of the business, and who typically take part in managing the operations of the partnership.