64. The limited partnership is a Commercial Company, which comprises two categories of partners: Statement I: One or more general partners who shall be jointly and severally liable for the limited partnership's debts to the full extent of their property. Statement Il: One or more limited partners whhose liability for the partnership's debts shall be limited to the amount of their contribution to the partnersbip's capital provided such amount has been stated in the limited partnership's Memorandum of Association. Statement I O Staternent i Staterments I and I O Both statements and It are not applicable.
64. The limited partnership is a Commercial Company, which comprises two categories of partners: Statement I: One or more general partners who shall be jointly and severally liable for the limited partnership's debts to the full extent of their property. Statement Il: One or more limited partners whhose liability for the partnership's debts shall be limited to the amount of their contribution to the partnersbip's capital provided such amount has been stated in the limited partnership's Memorandum of Association. Statement I O Staternent i Staterments I and I O Both statements and It are not applicable.
Chapter20: Corporations And Partnerships
Section: Chapter Questions
Problem 21DQ
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F3
Transcribed Image Text:64, The limited partnership is a Commercial Company, which comprises two categories of
partners:
Statement I: One or more general partners who shall be jaintly and severally liable for the limited
partnership's debts to the full extent of their property.
Statement Il: One or more limited partners whose liability for the partnership's debts shall be
limited to the amount of their contribution to the partnership's capital provided such amount has
been stated in the limited partnership's Memorandum of Association.
O Statement
Staterment I
Staternents I and II
Both statements and Il are not applicable.
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