Multiple Choice
Which of the following would have priority in distributing limited partnership assets?
A) Return of a general partner's capital contribution
B) Repayment of a loan by a limited partner to the partnership
C) Return of a limited partner's capital contribution
D) Payment of profits of the limited partner
Correct Answer:
Verified
Correct Answer:
Verified
Q1: A limited partner will not lose his
Q2: The RULPA requires that the limited partnership
Q3: False statements in a certificate of limited
Q4: Unanimous written consent of all partners is
Q6: Hafsa and Nicholai form a limited liability
Q7: When was the ReRULPA amended as part
Q8: The 2001 revision of the RULPA provides
Q9: A limited partner may vote on the
Q10: Which of the following need NOT be
Q11: While a limited partnership interest is transferable,the