- 1 Marks
BL – May 2014 – L1 – SA – Q16 – Partnership Law
Understanding the rights of a limited partner in a partnership.
Question
A limited partner must:
A. Take part in the management of the partnership business
B. Not take part in the management of the partnership business
C. Have the power to bind the partnership firm
D. Have power to sign cheques and other documents
E. Have power to introduce a new general partner
Find Related Questions by Tags, levels, etc.
- Tags: Legal Authority, Limited Partner, Partnership Rights
- Level: Level 1
- Topic: Partnership Law
- Series: MAY 2014
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