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10 June, 23:21

In a partnership, loans taken out by the general partners

are binding on the limited partners.

aren't a liability of either the general or limited partners

aren't binding on the limited partners.

are null and void.

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Answers (1)
  1. 11 June, 00:33
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    In a partnership, loans taken out by the general partners aren't binding on the limited partners. If a general partner takes out a loan, it effects all general partners no matter who took out the loan. A limited partner means they have limited liability therefor they are not responsible for the debts and obligations that the general partners are.
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Home » Business » In a partnership, loans taken out by the general partners are binding on the limited partners. aren't a liability of either the general or limited partners aren't binding on the limited partners. are null and void.
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