Which of the following is not true for limited partnerships? - 2394

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Which of the following is not true for limited partnerships?

a. Limited partners can only manage the business.

b. One general partner must exist who has unlimited liability.

c. Only the name of general partners can appear in the name of the firm.

d. Limited partners may sell their interest in the company. 

Solution Description

Which of the following is not true for limited partnerships?