In a limited partnership,general partners:
A)have the right to manage the business.
B)are not liable for the firm's debts.
C)are nonparticipating investors.
D)cannot transfer their ownership interest.

Question

Quizplus · Accepted Answer

General partners have rights and liabilities similar to partners in a partnership.They manage the business of the limited partnership and have unlimited liability for the obligations of the limited partnership.

In a Limited Partnership,general Partners