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If Jack Contributed $1,000 as a Limited Partner and Signed

Question 59

Multiple Choice

If Jack contributed $1,000 as a limited partner and signed a certificate of limited partnership, but the certificate was filed in the wrong office:


A) Jack may avoid liability as a general partner if he withdraws from the business and quickly renounces future profits.
B) Jack is not a partner at all and may withdraw his contribution.
C) Jack is a general partner for all purposes.
D) Jack may become a limited partner by quickly filing an affidavit stating he was not responsible for the erroneous filing.

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