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17 April, 09:53

Which of the following statements regarding limited partnerships is TRUE?

a. A general partner's liability is limited by the amount of their investment.

b. There is no limit on a limited partner's liability.

c. A limited partner is not liable until all the assets of the general partners have been exhausted.

d. A limited partner's liability is limited by the amount of their investment

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Answers (1)
  1. 17 April, 12:44
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    Answer: The following statements regarding limited partnerships is true: A limited partner's liability is limited by the amount of their investment.

    A Limited Partnership is a relationship existing of general partner, who manages the organization and has outright personal liability for the financial obligation of the Limited Partnership, and a limited partner, who has controlled financial obligation but cannot act in administration.

    Therefore option (d) is correct.
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Home » Business » Which of the following statements regarding limited partnerships is TRUE? a. A general partner's liability is limited by the amount of their investment. b. There is no limit on a limited partner's liability. c.
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