Which of the following is a consequence of defective, Ask an Expert

Management Studies

Which of the following is a consequence of defective formation of a limited partnership?

A. A partner who would have been a limited partner, might have unlimited liability to a third party who conducted business while holding a good faith belief that the partner was a general partner.

B. Contracts entered into by the partnership will be voidable by the other party.

C. Contracts entered into by the partnership will be void.

D. The rights as between the partners will be different based on the defective formation.

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9111302

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