Which of the following is the limit of liability of a limited partner?
A)the amount of their investment
B)the amount of business capital
C)the amount of their shared profits
D)the amount of their personal assets

Question

Quizplus · Accepted Answer

The limit of liability of a limited partner is the amount of their investment. They cannot be held liable for the debts and obligations of the partnership beyond the amount of their investment. This is different from general partners who have unlimited liability and can be held personally responsible for the partnership's debts and obligations.

Which of the Following Is the Limit of Liability of a Limited