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Question
8 multiple choice 4 points in a limited partnership, who has unlimited liability?** both a and c limited partners all partners general partners
In a limited partnership, general partners manage the business and have unlimited liability for the partnership's debts. Limited partners have liability limited to their investment. "All partners" is incorrect as limited partners have limited liability. "Limited partners" is incorrect for the same reason. "Both A and C" is incorrect as A (if A was a wrong option) and C (all partners) are wrong. So the correct answer is General partners.
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D. General partners (assuming the options are labeled as A: Both A and C, B: Limited partners, C: All partners, D: General partners. If the original options' labels are different, adjust accordingly, but based on the content, the correct option is the one with "General partners".)