Question

In an R&D limited partnership the liability for losses incurred is borne by the limited partners.

a) True
b) False

Answer 1

In an R&D limited partnership, the liability for losses incurred is borne by the limited partners.

Step-by-step explanation:

In an R&D limited partnership, the liability for losses incurred is borne by the limited partners.

This statement is true.

In a limited partnership, there are two types of partners: general partners and limited partners. General partners have unlimited personal liability for the debts and obligations of the partnership, while limited partners have limited liability. Limited partners are only liable for the amount of their investment in the partnership, meaning they are not personally responsible for the partnership's losses beyond that amount.