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_ In a Limited Partnership. there must be always be a Capitalist Partner although it is not mandatory to have an Industrial Partner. 0 True 0 False Question 2 1 pts In a limited partnership, a partner may not be a limited and a general partner at the same time. O True O False Question 3 1 pts A partnership intended to be formed as a limited partnership but without the word "Limited" or "Led" appended to its name shall still be considered as Limited Partnership provided the articles of partnership submitted clearly indicates that it is a limited partnership. True O FalseQuestion 4 1 pts A limited partner may assign his interest to another person. True O False Question 5 1 pts Lime, a limited partner in InterColor Limited Partnership, received the amount of P100,000 representing his contribution which was being returned on the date stipulated in the certificate. Partnership records, however, showed that the firm had liabilities of P220,000 which arose before Lime received the return of his contribution, and assets of only P90,000 after such return of contribution. O Lime is bound to bring bac to the partnership the amount of P100,000 plus interest thereon. O Lime is bound to give the partnership P130,000 plus interest. O Lime is not bound to return to the partnership any amount because he received the return of his contribution pursuant to a contractual stipulation. O Lime is bound to give the partnership P220,000 plus interest thereon. ?Question 6 1 pts Must be present in a Limited Partnership O Both Limited and General Partner None of the foregoing Limited Partner General Partner Question 7 1 pts A partner that cannot be found in a Limited Partnership None of the foregoing O Industrial Partner O Capitalist Partner Limited Partner ?Question 3 1 pts As a rule. a limited partner shall be liable as a general partner if he allows the use of his surname to be included in the partnership name. A, B. C, D and E decided to put up a Limited Partnership with four limited partners and only' E. the poorest. being the Capitalist Partner. This is a valid agreement to create a Limited Partnership. 0 Tme 0 False Question 10 1 pts A limited partner is prohibited on account of his claim against the partnership from performing the following, except: O To receive from a general partner or the partnership any payment, conveyance or release from liability, if partnership assets are not sufficient to discharge partnership liabilities to outside creditor. O To receive or hold as collateral security any partnership property. O None of the foregoing. O Transact business with the partnership