Limited partnerships are not as prevalent as corporations because
A) it is easier to transfer ownership by selling common stock than it is to sell partnership.
B) limited partnerships have the disadvantage of double taxation.
C) limited partners can lose up to three times the amount they invested in the partnership if the
business goes bankrupt.
D) the general partner has no liability, making it difficult for the partnership to borrow money.
Question 2
Which of the following forms is used to insure buildings that are under construction?
A) builders risk coverage form
B) floor plan coverage form
C) new construction coverage form
D) labor and materials coverage form
