If Jack contributed $1000 as a limited partner, signed a certificate, but the certificate was filed in the wrong office, Jack:

a. will not be liable as a general partner if he quickly withdraws from the business and renounces future profits.
b. is not a partner at all and may withdraw his contribution.
c. cannot avoid liability as a general partner under any circumstances.
d. may become a limited partner by giving constructive notice of the defective filing to all potential business contacts by an advertisement in a publication of general circulation.


a

Business

You might also like to view...

________ satisfaction is measured by the ratio of perceived performance to expected performance.

Fill in the blank(s) with the appropriate word(s).

Business

Describe how Americans' media habits are changing and how this will affect future media mixes

What will be an ideal response?

Business

Which sentence is expressed correctly?

A) Each seminar participant completed a communication selfevaluation. B) Each seminar participant completed a communication self-evaluation. C) Each seminar participant completed a communication self evaluation.

Business

Rolliand Bank is going through a financial crisis. Therefore, it takes a loan from the Federal Reserve. The bank has to repay the loan within a year, and it also has to pay a monthly interest of 6% to the Fed. In this case, the 6% interest rate that the Fed charges from Rolliand Bank is the _____.

A. prime rate B. nominal rate C. discount rate D. exchange rate

Business