Which one of the following is true of a limited partnership?

a. This association is based on equal status of partners.

b. It allows the organizer to retain control rather than sharing it.

c. Obligations and debts are shared equally among all partners.

d. Limited partners can remain secret.

Question

Social Studies

Alfonso Alvarez

4 February, 08:54

Which one of the following is true of a limited partnership?

a. This association is based on equal status of partners.

b. It allows the organizer to retain control rather than sharing it.

c. Obligations and debts are shared equally among all partners.

d. Limited partners can remain secret.

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Answers (1)

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Madalyn Wolf · Answer 1

The correct answer for the question that is being presented above is this one: "c. Obligations and debts are shared equally among all partners." The statement that is true of a limited partnership is that o bligations and debts are shared equally among all partners.

Which one of the following is true of a limited partnership?a. This association is based on equal status of partners.b. It allows the organizer to retain control rather than sharing it.c. Obligations and debts are shared equally among all partners.d. Limited partners can remain secret.

Which one of the following is true of a limited partnership?

a. This association is based on equal status of partners.

b. It allows the organizer to retain control rather than sharing it.

c. Obligations and debts are shared equally among all partners.

d. Limited partners can remain secret.