Solved

Which of the Following Is Incorrect with Respect to the Law

Question 141

Multiple Choice

Which of the following is incorrect with respect to the law governing limited partnerships?


A) Limited partners' liability only extends to the amount of money they have invested in the partnership.
B) Limited partners, once registered as such, are assured of limited liability.
C) Limited partners can lose their limited status by participating in management.
D) Limited partners can lose their limited status by allowing their names to be associated with the name of the partnership.
E) Limited partners can lose their limited status by failing to register as such.

Correct Answer:

verifed

Verified

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

Related Questions