Multiple Choice
Ruben invested $40,000 in a partnership with Clark and Louis. Ruben's contract with the partnership states he will receive a portion of partnership profits, but he will be liable for partnership's debts only to the extent of the $40,000 he invested. Ruben is:
A) a general partner.
B) a dormant partner.
C) a limited partner.
D) an aggregate partner.
Correct Answer:
Verified
Correct Answer:
Verified
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