As Commonly Occurs,a(n)_____ May Be the Sole General Partner of a Limited

question 43

Multiple Choice

As commonly occurs,a(n) _____ may be the sole general partner of a limited partnership.

• A) association
• B) natural person
• C) corporation
• D) trust

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Definitions:

Rescind

To retract, cancel, or annul a contract or agreement, reverting the parties to their respective positions prior to the agreement.

Petition

A formal written request, often to a court or a governmental institution, seeking a particular legal remedy or governmental action.

Damages

The monetary compensation awarded to a person as a result of a lawsuit or legal claim for harm or injury.

Extortion

The practice of obtaining something, especially money, through force or threats.