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 status as a limited partner by participating in management.
D) Limited partners can lose their status as a limited partners by allowing their names to be associated with the name of the partnership.
E) Limited partners can lose their status as a limited partners by failing to register as such.
Correct Answer:
Verified
Correct Answer:
Verified
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