Question

The limited partnership agreement of Davos Limited Partnership has no clause on partners who transfer their transferable interests. Davos is the only general partner of the limited partnership. There are five limited partners. Two of them transfer their transferable rights to their sons (one each). By consent of all the partners, the two transferees are also made partners. How many limited partners does Davos Limited Partnership now have?

A. 6

B. 7

C. 5

D. 3

Answer

This answer is hidden. It contains 343 characters.