In general, which of the following statements is correct with respect to a limit

Question

In general, which of the following statements is correct with respect to a limited partnership?
A: A limited partner will be personally liable for partnership debts incurred in the ordinary course of the partnership's business.
B: A limited partner is unable to participate in the management of the partnership in the same manner as general partners and still retain limited liability.
C: A limited partner's death or incompetency will cause the partnership to dissolve.
D: A limited partner is an agent of the partnership and has the authority to bind the partnership to contracts.

Explanation / Answer

A limited partner is an agent of the partnership and has the authority to bind the partnership to contracts

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