Jay is a limited partner in Kappa Sales, a limited partnership. Jay is liable for the firms

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Jay is a limited partner in Kappa Sales, a limited partnership. Jay is liable for the firm’s debts

a. in no way.

b. in proportion to the total number of partners in the firm.

c. to the extent of his capital contribution.

d. to the full extent of the debts.

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Business Law Text And Exercises

ISBN: 9780357717417

10th Edition

Authors: Roger LeRoy Miller, William E. Hollowell

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Question Posted: Feb 26, 2024 09:03 AM

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Jay is a limited partner in Kappa Sales, a limited partnership. Jay is liable for the firms

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c to the extent of his capital contribution As a limited partner in ...View the full answer

Business Law Text And Exercises

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