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) cannot avoid liability as a general partner under any circumstances.
C) is not a partner at all and may withdraw his contribution.
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
Q7: The majority of states have adopted the
Q17: Written consent of all partners is required
Q23: In Alzado v. Blinder, Robinson & Company,
Q42: Foreign limited partnerships do not have to
Q58: A _ is a partnership in which
Q59: Lonny is a partner in the Harris
Q60: A general partnership that, by making the
Q62: A low-profit limited liability company (L3C) is
Q62: A limited partner owes a duty of
Q65: Which of the following is NOT correct