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    Business
  3. Study Set
    Federal Taxation
  4. Exam
    Exam 33: Partnerships and S Corporations
  5. Question
    In a Limited Partnership,the Limited Partners Are Liable for Partnership
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In a Limited Partnership,the Limited Partners Are Liable for Partnership

Question 2

Question 2

True/False

In a limited partnership,the limited partners are liable for partnership debts only to the extent of their investment in the partnership plus any amount they commit to contribute to the partnership if called upon.

Correct Answer:

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