Multiple Choice
Which of the following statements is TRUE for a limited liability partnership?
A) The partners all have limited liability for the debts of the partnership.
B) The partners all have limited liability for the acts of the other partners.
C) The general partner has unlimited liability for the debts of the partnership.
D) The limited partners have unlimited liability for the debts of the partnership.
Correct Answer:
Verified
Correct Answer:
Verified
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