Exercise
Answer the following questions.
1. What is the purpose of a subscription agreement?
A. The subscription agreement is a legal agreement between the partners that describes how the DPP is organized and how it will be managed.
B. The subscription agreement spells out the roles of the general partner and limited partners, authorities of the general partner, and operational guidelines for the business.
C. The subscription agreement makes the investor attest to his net worth and understanding of the risks involved and specifies a financial limit for the investor.
D. The subscription agreement is a legal document attesting that the DPP has met reasonable basis suitability.
2. When is a subscription agreement considered final?
A. Upon