Question
5) In a limited partnership, how do limited partners differ from general partners? A) Limited partners can exercise the same voting rights as general partners,
5) In a limited partnership, how do limited partners differ from general partners?
A) Limited partners can exercise the same voting rights as general partners, but assume no liability for the obligations of the business. B) Limited partners contribute to the partnership and participate in governing, but assume no financial obligations of partnership.
C) Limited partners are allowed to participate in governance, but only within strict limits established by law. D) Limited partners may lose no more than their investment in the partnership, while general partners have unlimited liability.
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