Which is true of a limited partnership? - 8050

Solution Posted by
Solution Detail
Price: $1.25
  • From: ,
  • Posted on: Mon 16 Apr, 2012
  • Request id: None
  • Purchased: 0 time(s)
  • Average Rating: No rating
Request Description

Which is true of a limited partnership?

 

A. A partnership is limited to doing business in the state of incorporation.

B. The liability of all owners is unlimited.

C. The liability of all owners is limited to the amount of their contribution to the business.

D. At least one of the partners must be a general partner with unlimited personal liability.

 

Solution Description