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Which of the following is true of limited partnerships? a. Limited partners are liable for the debts of the partnership. b. The partnership must file

Which of the following is true of limited partnerships?

a.

Limited partners are liable for the debts of the partnership.

b.

The partnership must file a certificate with the Secretary of State in order to exist.

c.

Limited partners are fiduciaries of the partnership.

d.

Limited partnerships can only be created under federal statutes.

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