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Desolo Desolo
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10 years ago
Justin and Michael form a limited partnership and start a car dealership. Justin is the general partner and Michael is the limited partner. Seven months after the commencement of the business, Pedro makes an investment and wishes to become a general partner. A week later, Michael's mother wishes to join the partnership as a limited partner. Which of the following is true in this scenario?
A) Pedro cannot become a general partner to the partnership after the business has commenced.
B) Pedro cannot become a general partner to the partnership as a limited partnership can only have one general partner.
C) Michael's mother cannot become a limited partner to the partnership as a limited partnership can only have one limited partner.
D) Both Pedro and Michael's mother can choose to become either general or limited partners to the partnership.

This is for my business law class, anything will help
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10 years ago
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Desolo Author
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#2
10 years ago
Thanks a lot it was right
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