Jason, a wealthy internet search engine developer, decides that he wants to invest some money in a friend's business for the distribution of a new software product. The parties draft up a limited partnership agreement, and file papers with SDAT to establish the new business entity. The parties agree that Jason is a limited partner and his friend, Keira, will be the general partner. Subsequently, Keira falls ill and is unable to manage the software product's development. Jason steps in and brings the product to launch, but unfortunately the product is unsuccessful and the partnership becomes insolvent. Which of the following is true concerning Jason's liability to creditors of the business?

Question options:

a)

Jason is only liable up to the amount he invested in the business because he is a limited partner

b)

Jason may be personally liable because he exercised direct control over the partnership

c)

Jason will only be liable for the amounts that Keira cannot pay, up to Jason's initial investment

d)

Jason is not liable at all because he is a limited partner