Solved

Which One of the Following Statements Is TRUE Regarding a Partner's

Question 74

Multiple Choice

Which one of the following statements is TRUE regarding a partner's personal liability for partnership assets?


A) LLC members can never be liable for entity debts.
B) In a limited partnership, all partners have limited liability for partnership debts.
C) In a limited liability partnership, the partner might be subject to liability for other partners' malpractice.
D) In a general partnership, all partners are liable for entity debts
E) None of the above statements are true.

Correct Answer:

verifed

Verified

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

Related Questions