Multiple Choice
Which of the following is correct regarding a limited partnership?
A) The general partner must make a cash or property contribution.
B) It can be created in such a way that the general partner has limited liability.
C) It can only be created pursuant to statutory provisions.
D) Limited partners are unable to vote on the incurrence of debt other than in the ordinary course of business under the safe harbor provisions of the RULPA.
Correct Answer:
Verified
Correct Answer:
Verified
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