Asked by
Wendy Dacillo
on Oct 20, 2024
Verified
In a limited partnership the general partner has unlimited liability.
Unlimited Liability
A legal obligation where business owners and investors are personally responsible for all of the debts of the business.
- Understand the differences between various forms of partnerships and their characteristics.
Verified Answer
BL
Learning Objectives
- Understand the differences between various forms of partnerships and their characteristics.
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