First Principles of Business Law
Business organisations in Australia

5. Partnerships

Question 17. How do third parties know whether they are dealing with a limited partnership?

 

 

 

Read the statements below and select the best one.

(a) There is no way for third parties to know whether or not they are dealing with a limited partnership but this does not matter because at least one of the partners will have unlimited liability.

(b) Third parties can discover whether they are dealing with a limited partnership by consulting a special register that is kept of such firms.

 

 

 

 

 

 

 

  
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