This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements is correct with respect to limited partnerships? (Read 120 times)

javeds

  • Hero Member
  • *****
  • Posts: 570
on: Aug 7, 2021
Which of the following statements is correct with respect to limited partnerships?
◦ There can be no limited partnerships in Canada. If limited liability is desired, a corporation must be created.
◦ A limited partner is totally protected and can lose no money.
◦ A limited partnership is created where all partners state in the partnership agreement that they will not be responsible for debts arising out of the partnership business and register as such with the government.
◦ There can only be one limited partner in any partnership, no matter how many partners are involved.
◦ A limited partner can lose his status as a limited partner if he participates in the management of the business.
Legal Fundamentals for Canadian Business ¦ Yates ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by javeds on Aug 7, 2021

ciecieme

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Aug 7, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


javeds

  • Member
  • Posts: 570
Reply 2 on: Aug 7, 2021
Thanks for the timely response, appreciate it

DylanD1323

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Succession in the intertidal zone involves colonization and competition for limited space among spec Succession in the intertidal zone involves colonization and competition for limited space among spec
Hong Kong is a strange situation. A British colony since 1842, it was handed back to China in 1997 a Hong Kong is a strange situation. A British colony since 1842, it was handed back to China in 1997 a
Sample Exercise Program for Limited Older Adults Sample Exercise Program for Limited Older Adults
If the valve clearance (lash) is not correct, loosen the retaining nut and turn the valve adjusting ... If the valve clearance (lash) is not correct, loosen the retaining nut and turn the valve adjusting ...
Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts, 27th ... Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts, 27th ...
Tardigrade wasn't correct, nor was Gastrotricha. What on earth is this asking me. Tardigrade wasn't correct, nor was Gastrotricha. What on earth is this asking me.
Video: EpiPen Animation (Part 2)

For a complete list of videos, visit our video library