Question: Stryder and Rease are in a limited partnership. Stryder invested $ 2 0 0 , 0 0 0 in the partnership. What is the maximum
Stryder and Rease are in a limited partnership. Stryder invested $ in the partnership. What is the maximum amount for which Stryder can be held liable in a lawsuit against the partnership?
Multiple Choice
A court would determine the amount of personal liability of a limited partner.
$ the amount of capital he invested.
The amount allocated by statute of the state in which the partnership is domiciled.
or $
Unlimited personal liability.
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