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Paraphin [41]
3 years ago
6

Which of the following statements is correct with respect to a limited partnership?

Business
1 answer:
Viefleur [7K]3 years ago
5 0

Answer: option D

Explanation: A Limited liability partnership is an ownership style which exhibits characteristics of both partnership and corporations. This was implemented for the benefit of business entities and for the ease of owners.

a. In a limited liability a limited partner will never be personally liable for the debts.

b. A general partner can be a limited partner  as long as there are two legal partners.

c. A general partner cannot be a secured creditor as he will always have unlimited liability.

d. A Limited liability partnership is the form of partnership in which some or all of the partners have limited liability.

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Answer:

This took me a long time to figure out , but I'm pretty sure number 1 is

D) Silk and Wool.

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Explanation: Hope that's right, sorry if not because for number 1 most of them could be the answer, and for number 2, three  of them could be the answer.‍

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<u>Validation</u>

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Do consumers prefer personalization?

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Learn more about Marketing: brainly.com/question/13414268

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You have to read very carefully to make sure you dont miss any mistakes

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