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Author Question: Which of the following is NOT true for a limited partnership? A) Limited partners may sell their ... (Read 62 times)

darbym82

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  • Posts: 570
on: Jul 11, 2018
Which of the following is NOT true for a limited partnership?
 
  A) Limited partners may sell their interest in the company.
  B) It has limited liability for its owners.
  C) One general partner must exist who has unlimited liability.
  D) Only the name of general partners can appear in the name of the firm.

Question 2

All of the following are considered to be instrumentalities of transportation and communication for purposes of inland marine insurance EXCEPT
 
  A) trains.
  B) tunnels.
  C) transmission lines.
  D) television towers.


mochi09

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Reply #1 on: Jul 11, 2018
Answer to Question 1

B

Answer to Question 2

Answer: A


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