Final answer:
The RULPA rule governs the liability of limited partners in a limited partnership, limiting their personal liability to their investment in the partnership.
Step-by-step explanation:
The RULPA rule, or the Revised Uniform Limited Partnership Act, governs the liability of limited partners in a limited partnership.
Under the RULPA rule, limited partners are not personally liable for the debts and obligations of the partnership. Their liability is limited to their investment in the partnership.
For example, if a limited partner invests $10,000 in a limited partnership and the partnership incurs debts of $20,000, the limited partner's liability is limited to the $10,000 they invested. They would not be responsible for the remaining $10,000 of debt.