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8 March, 11:05

True or False. In a limited liability limited partnership, the liability of a general partner is limited to the amount of capital he or she invests in the partnership.

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  1. 8 March, 14:27
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    True

    Explanation:

    In a limited liability partnership, each partner's risk of losing personal assets is limited to the share capital he has invested. The limited liability partner is not liable for other partners deeds and losses incurred due to their negligence. His liability is limited to the share capital / equity he has invested in the business. Hence, True.
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