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Which of the Following Statements Is TRUE for a Limited

Question 146

Multiple Choice

Which of the following statements is TRUE for a limited liability partnership?


A) All partners have limited liability for the debts of the partnership.
B) All partners have limited liability for the acts of the other partners.
C) The general partner has unlimited liability for the debts of the partnership.
D) The limited partners have unlimited liability for the debts of the partnership.

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