What Types Of Partners Are Present In A Limited Partnership

Question

1. A limited partnership has two types of partners, _______.

a. General partners and sole proprietors
b. General partners and limited partners
c. Ordinary partners and liable partners
d. Special partners and sole proprietors

 

2. Which of the following is true for a corporation's incorporation into a state?

a. Domestic corporations can incorporate into only one state.
b. Domestic corporations can incorporate into all states that they conduct business in.
c. Alien corporations can only incorporate into one state.
d. Foreign corporations can incorporate into more than one state.

 

Summary

These multiple choice questions belong to Law. The 1st question discusses about what two types of partners are there in a limited partnership and the 2nd question discusses about a true or false statement for corporation’s incorporation into a state.

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