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81
Frank and Gail are limited partners in Travel Tours, a limited partnership. On the dissolution of Travel Tours, Frank and Gail are entitled to a return of their capital contributions in accordance with
a. their liability to the firm’s creditors.
b. the extent to which they participated in the firm’s management.
c. the partnership certificate.
d. none of the above.
a. their liability to the firm’s creditors.
b. the extent to which they participated in the firm’s management.
c. the partnership certificate.
d. none of the above.
b. the extent to which they participated in the firm’s management.
See regulations for dissolution of a LP
See regulations for dissolution of a LP
Tags: Dissolution LP
Source: p.131, oben
Source: p.131, oben
Flashcard info:
Author: Elisa
Main topic: Law
Topic: International Law
School / Univ.: Hanze Hogeschool
City: Groningen
Published: 14.02.2010