Multiple Choice
Which of the following is correct regarding the fiduciary duties in a limited partnership?
A) The general partner has a fiduciary relationship to the limited partners, but not to any other general partners.
B) Judicial authority seems to suggest that the limited partner has no fiduciary duty to the partnership.
C) The fiduciary duty of the general partner has little effect upon the interests of the limited partners, because they have no ability to manage or control the partnership.
D) All of these are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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