Discuss the duties of general partners to limited partners
General partners have a fiduciary duty to limited partners. Under the RULPA, a general partner owes the limited partners a duty not to be grossly negligent in the management of the business. However, some courts have imposed upon general partners a higher duty of care toward limited partners.
You might also like to view...
Total liabilities plus shareholders' equity shows the sources of all the firm's financing, and the assets show how the firm holds or has invested those funds
Indicate whether the statement is true or false
When a company is cash poor, a project with a short payback period but a low rate of return may be preferred to a project with a long payback period and a high rate of return.
Answer the following statement true (T) or false (F)
A(n) ________ allows management to avoid or minimize losses on projects that turn bad.
A) abandonment option B) growth option C) timing option D) put option
The dividend yield is defined as the annual dividend expressed as a percentage of the:
A. ending stock price. B. initial stock price. C. capital gain. D. average stock price. E. total annual return.