Which of the Following Is Incorrect with Respect to the Law

question 54

Multiple Choice

Which of the following is incorrect with respect to the law governing limited partnerships?

• A) Limited partners can lose their status as a limited partners by failing to register as such.
• B) Limited partners can lose their status as a limited partner by participating in management.
• C) Limited partners, once registered as such, are assured of limited liability.
• D) Limited partners can lose their status as a limited partners by allowing their names to be associated with the name of the partnership.
• E) Limited partners' liability only extends to the amount of money they have invested in the partnership.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.