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A General Partner in an LLLP Will Have Unlimited Liability

question 7

True/False

A general partner in an LLLP will have unlimited liability if the LLLP was formed defectively.


Definitions:

Kilometers (Km)

A unit of length in the metric system equal to one thousand meters or approximately 0.62 miles.

Gallons

A unit of volume primarily used in the United States for measuring liquids and gases.

Gasoline

A petroleum-derived liquid mixture, primarily used as fuel in internal combustion engines.

Centimeters

A unit of length in the metric system equal to one hundredth of a meter.

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