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Mike and Jeff are general partners in a law practice in French Polynesia (hey... even us old guys have to dream sometimes). Jim is semi-retired

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Mike and Jeff are general partners in a law practice in French Polynesia (hey... even us old guys have to dream sometimes). Jim is semi-retired and would like to invest in his friends' business. Jim does not want to be involved in the business but provides $50,000 for a 1/3 ownership interest. How would you classify Jim's interest? Jim is a general partner Jim is a creditor of the partnership Jim is a limited partner Jim has not relationship to the partnership

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