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Uniform state laws generally allow the organization of a general partnership as an LLP but do not allow a limited partnership to be organized as

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Uniform state laws generally allow the organization of a general partnership as an LLP but do not allow a limited partnership to be organized as an LLP. OfTrue False Question 11 Which one of the following would not constitute a potential breach of a partner's duty of loyalty? self-dealing usurping partnership business opportunities negligence in partnership business management O engaging in conflicts of interest with the partnership D Question 12 A partner is liable to a business partnership for negligence in managing partnership business. True False D Question 13 Shareholder approval generally is required for certain fundamental corporate changes including a, amending the articles of incorporation or bylaws b. a merger or sale of substantially all corporate assets c. dissolution of the corporation d. All of these e. B and C only

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