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The sponsoring company in a R&D limited partnership is the limited partner.

a) True
b) False

User Sigalit
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1 Answer

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Final answer:

The statement regarding the sponsoring company in a R&D limited partnership being the limited partner is false, as the sponsoring company usually acts as the general partner. Moreover, the claim that Proprietors in proprietary colonies had no responsibilities besides collecting profits is also false, as they had administrative and developmental duties.

Step-by-step explanation:

The statement that the sponsoring company in a R&D limited partnership is the limited partner is false. In a Research and Development (R&D) limited partnership, the sponsoring company is typically the general partner, who actively manages the partnership and oversees the R&D efforts. The limited partners usually contribute capital and receive income, tax benefits, or gains from the partnership, while having limited liability and taking a more hands-off role.

Similarly, with regard to proprietary colonies, the assertion that Proprietors have no responsibilities except to collect the profits is also false. Proprietors in proprietary colonies had various responsibilities, which included maintaining order, establishing a government, and defending the colony, among others. Their role was not merely to collect profits; they played an integral part in the administration and development of their respective colonies.

User Zmeda
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