Which of the Following Is True Regarding the Liability of the Partners

Multiple Choice

Which of the following is true regarding the liability of the partners in a limited partnership?

A) Both the limited and general partners have unlimited liability for partnership debts.
B) Neither the limited nor the general partners have unlimited liability for partnership debts.
C) The limited partners have limited liability and the general partners have unlimited liability for partnership debts.
D) The limited partners have unlimited liability, and the general partners have limited liability, for partnership debts.
E) If a corporation is a partner, its shareholders have unlimited liability for partnership debts.