Solved

Which One of the Following Statements Is True Regarding a Partner's

Question 24

Multiple Choice

Which one of the following statements is true regarding a partner's personal liability for partnership assets?


A) LLC members can never be liable for entity debts.
B) In a limited partnership, all partners have limited liability for partnership debts.
C) In a limited liability partnership, a partner might be subject to liability for other partners' malpractice.
D) In a general partnership, all partners are liable for entity debts.
E) None of these statements is true.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions