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Business Studies

Partnership

The limited p...

Question

The limited partnership form of business organisation means

A

The number of partners is limited

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B

The amount of capital that can be raised is limited

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C

The liability of some partners is limited

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D

The liability of all partners is limited

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Solution

The correct option is D The liability of all partners is limited
Option D is the correct aswer.

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Q. Limited liability partnership posses not more than

2

of the following character.

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. Limited liability

2

. Raise funds from public

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. No separation of management from owners

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. No Restriction on number of partners

Q. Limited liability partnership possesses not more than 2 of the following character.
1. Limited liability
2. Raise funds from public
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4. No Restriction on number of partners.

Q. Liability of partners in a partnership business is _________.

Q. In case of _________, the liability of partners is limited.

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In partnership firm the liability of partners is ________.
(a) limited
(b) unlimited
(c) non of above.

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