Which is NOT a characteristic of a limited liability partnership?
A) One or more of the partners must be a general partner to whom the privilege of limited liability does not apply.
B) Prohibits the limited partners from participating in the management of the partnership.
C) Partners pay taxes on dividends distributed.
D) One or more partners have limited liability.
C
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a. resizing b. self-service operations c. downsizing d. outsourcing
Under the RUPA, the partners have what type of liability for all contract obligations of the partnership?
a. Joint. b. Joint and several. c. Several. d. No.
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