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Larry is a limited partner in Associated Contractors, a limited partnership. Debts incurred by the firm come due, and the firm cannot pay them. Larry is liable
a. in proportion to the total number of partners in the firm.
b. to no extent.
c. to the extent of his capital contribution.
d. to the full extent of the debts.
a. in proportion to the total number of partners in the firm.
b. to no extent.
c. to the extent of his capital contribution.
d. to the full extent of the debts.
c. to the extent of his capital contribution.
Begründung:
liability of a limited partner is limited to the capital contributed -> contrast to the personal liablility of general partners
Begründung:
liability of a limited partner is limited to the capital contributed -> contrast to the personal liablility of general partners
Tags: Liabilities of limited partners
Quelle: p.129 1. Absatz nach Überschrift
Quelle: p.129 1. Absatz nach Überschrift
Karteninfo:
Autor: Elisa
Oberthema: Law
Thema: International Law
Schule / Uni: Hanze Hogeschool
Ort: Groningen
Veröffentlicht: 14.02.2010