Multiple Choice
In a general partnership,which of the following is true of limited partners?
A) Limited partners take an active part in the management of the firm.
B) A limited partner's nonpartnership property can be used to satisfy any debts owed by the firm.
C) Limited partners are nonparticipating investors.
D) Limited partners have unlimited liability for the firm's debts.
Correct Answer:
Verified
Correct Answer:
Verified
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