Question
Western Wear Ltd. was a limited partnership which was organized by filing the articles of limited partnership with the Secretary of State. If a creditor
Western Wear Ltd. was a limited partnership which was organized by filing the articles of limited partnership with the Secretary of State. If a creditor of the limited partnership sues the limited partners for payment, the creditor will probably be
Group of answer choices
unsuccessful, because limited partners are not normally liable for the limited partnership's debts.
unsuccessful, because there is a limited partnership by estoppel.
successful, because partners are liable for partnership debts.
successful, because partners in a limited partnership are general partners for purposes of satisfying creditor claims.
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