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Phil and Lem are limited partners in City Exports, a limited partnership. To avoid personal liability for partnership obligations, they must not Group of answer

Phil and Lem are limited partners in City Exports, a limited partnership. To avoid personal liability for partnership obligations, they must not

Group of answer choices

Participate in the firm's management

Acquire an interest in the firm

Acquire an interest in a competing firm

Engage in activities independent of the firm's business

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