Which of the following statements regarding limited partnership is TRU
Which of the following statements regarding limited partnership is TRUE?
A) There is no limit on a limited partner’s liability.
B) A limited partner is not liable until all the assets of the general partners have been exhausted.
C) A general partner’s liability is limited by the amount of their investment.
D) A limited partner’s liability is limited by the amount of their investment.
ANSWER
D
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