Solved

In a Limited Partnership,the Liability of the Limited Partners Generally

Question 64

True/False

In a limited partnership,the liability of the limited partners generally is restricted to the amount of funds that they have invested in the company but the general partners have unlimited liability.

Correct Answer:

verifed

Verified

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

Related Questions

Q2: If a firm's managers want to maximize

Q13: Because political risk is seldom negotiable, it

Q26: The goal of maximizing stock price is

Q59: Solarcell Corporation has $20,000 which it plans

Q60: If a firm's stock price falls during

Q61: Although corporations only represent 18% of the

Q62: Which of the following statements is correct?<br>A)

Q66: Which of the following is a reason

Q68: In order to avoid double taxation and

Q69: No firm can take cost-increasing,socially responsible actions