Multiple Choice
Which of the following is true regarding whether the interest of a limited partner in a limited partnership is considered a security?
A) Such an interest is considered a security only if the limited partnership involves an investment in real estate.
B) Such an interest is not considered a security because a partnership,not an investment scheme,is involved.
C) Such an interest is rarely considered a security because limited partners,to protect their limited liability,are prohibited by law from taking part in the control of the partnership business.
D) Such an interest is almost always considered a security because limited partners,to protect their limited liability,are prohibited by law from taking part in the control of the partnership business.
Correct Answer:
Verified
Correct Answer:
Verified
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