Question

Barbara and nicole have a business that is a limited partnership. what is most likely to be true about their business?

a.
barbara has unlimited liability; nicole has limited liability.

b.
both barbara and nicole have unlimited liability.

c.
neither barbara nor nicole has unlimited liability.

d.
barbara has limited liability; nicole has limited control over the business decisions.

Answer 1

Since Barbara and Nicole only have limited partnership in their business, they do not have unlimited liability. Answer is C