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Question
Under the ULPA of 2001, a limited partner who participates in management and control of the limited partnership:
A. has unlimited liability to creditors of the limited partnership.
B. has limited liability only to those creditors with whom he has transacted businesses.
C. has unlimited liability only to those creditors with whom he has transacted business and who reasonably believe that he is a general partner.
D. has liability up to the limit of his capital contribution.
Answer
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Related questions
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C. $20,000 fine and five years' imprisonment.
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Q:
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