Which of the following is a consequence of defective formation of a limited partnership?;A.;A partner who would have been a limited partner, might have unlimited liability to a third party who conducted business while holding a good faith belief that the partner was a general partner.;B.;Contracts entered into by the partnership will be voidable by the other party.;C.;Contracts entered into by the partnership will be void.;D.;The rights as between the partners will be different based on the defective formation.
Paper#35538 | Written in 18-Jul-2015Price : $22