Multiple Choice
Housing Development, LP, is a limited partnership that invests in residential real estate projects. Its limited partners include more than 150 sophisticated investors and investment professionals. A limited partner risks losing his or her limited liability if he or she
A) participates in the firm's management.
B) does not participate in the firm's management.
C) invests in a project that the firm has declined.
D) votes to sell or dissolve the firm.
Correct Answer:
Verified
Correct Answer:
Verified
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