Which of the following is correct regarding the fiduciary duties in a limited partnership? A. The general partner has a fiduciary duty to the limited partners. B. Judicial authority seems to suggest that the limited partner has no fiduciary duty to the partnership. C. The fiduciary duty of the general partner is extremely important to the interests of the limited partners, because they have no ability to manage or control the partnership business. D. All of these are correct.

B. Judicial authority seems to suggest that the limited partner has no fiduciary duty to the partnership.

Explanation:

A partnership occurs when two or more people come together to pool their resources in a business sharing the risk and rewards that come with the business venture.

Normally a partner is expected to have fuducairy duty to the other partners.

Other partners interest are placed above their own personal interest.

However a limited partner only provides resources to the business without being involved in the running and management of the business.

Since they are non managing partners they do not owe fiduciary duties to the other partners.

They only provide funds in order to get profit

statement of owner"s equity;

i have economics during second block which is easy to me. anyways, i think b.