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Management Studies

Lane and Louis were limited partners in a real estate venture. After the business was in financial difficulty, these limited partners had two meetings with the general partners to discuss the problems of the venture. In addition, Lane visited the construction site and “obnoxiously” complained about the work that was being conducted. Do these actions constitute taking part in the control of the business so that the limited partners become liable as general partners? Explain.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93129911

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