Multiple Choice
Rick and Sandy are limited partners in Total Profit Enterprises,a lim?ited part?ner?ship.To avoid personal liability for partnership obligations,they must not
A) acquire an interest in the firm.
B) contribute property to the firm.
C) engage in activities independent of the firm's business.
D) participate in the firm's management.
Correct Answer:
Verified
Correct Answer:
Verified
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