103. The certificate of limited partnership shall state the following, except:O a. The right, if given, of the partners to admit additional limited partners.b. The right, if given, of a general partner to demand and receive property other thancash in return for his contribution.c. The right, if given, of one or more of the limited partners to priority over otherO limited partners, as to contributions or as to compensation by way of income, and thenature of such priority.d. The right, if given, of the remaining general partner or partners to continue theO business on the death, retirement, civil interdiction, insanity or insolvency of a generalpartner.

A partnership is a form of business that is owned and controlled by two or more partners. The…

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103. The certificate of limited partnership shall state the following, except:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

103. The certificate of limited partnership shall state the following, except:
O a. The right, if given, of the partners to admit additional limited partners.
b. The right, if given, of a general partner to demand and receive property other than
cash in return for his contribution.
c. The right, if given, of one or more of the limited partners to priority over other
O limited partners, as to contributions or as to compensation by way of income, and the
nature of such priority.
d. The right, if given, of the remaining general partner or partners to continue the
O business on the death, retirement, civil interdiction, insanity or insolvency of a general
partner.

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