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Which of the Following Is True Regarding the Rights of General

Question 79

Multiple Choice

Which of the following is true regarding the rights of general partners and limited partners?


A) A general partner has limited personal liability for the debts of the partnership.
B) The general partner typically has exclusive control and management of the limited partnership.
C) Limited partners have no right to an account of the partnership.
D) A general partner may add additional partners without the consent of limited partners.
E) General partners always recover their investment before limited partners.

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