SIE: Exercise

Exercise

Answer the following questions.

1. 1. DPP Limited partnerships usually have a termination date written into their _____.
2. 2. In a limited partnership, who does the day-to-day work of managing business? _____
3. 3. The general partner has [unlimited liability/limited liability] with regard to a limited partnership.
4. 4. What is the name of the document that spells out the roles and authority of the general partners and limited partners? _____