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Joe is a general partner in a limited partnership firm, while Jane is a limited partner in the same firm. Which of the following statements
Joe is a general partner in a limited partnership firm, while Jane is a limited partner in the same firm. Which of the following statements regarding their respective relationships to the firm is correct?
Withdrawal of Jane from the partnership will dissolve the partnership.
Joe has no management authority within the partnership.
Jane's liability for the firm's debts consists solely of her investment in the firm.
Jane is legally involved in the managerial decision making of the firm.
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