Multiple Choice
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.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: The certificate of a limited partnership must
Q2: LLC statutes all require the articles of
Q2: The RULPA requires that the limited partnership
Q4: Daniel is a general partner in a
Q5: If a limited partner votes on an
Q6: Joe Stewart is a limited partner in
Q7: The majority of states have adopted the
Q8: If the written partnership agreement makes no
Q9: A for-profit company with a socially beneficial
Q11: Which of the following is NOT true