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Finra Series-7 Exam - Topic 2 Question 120 Discussion

Actual exam question for Finra's Series-7 exam
Question #: 120
Topic #: 2
[All Series-7 Questions]

Which of the following is not in the subscription agreement for a limited partnership offering?

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Suggested Answer: C

granting of power of attorney to the limited partners. The other three choices are in the subscription agreement. Power of attorney is granted to the general partner, not the limited partners.


by Helga at Jan 05, 2026, 05:16 AM

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Tomoko
1 day ago
D sounds like it could be important too.
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Felicitas
6 days ago
Wait, are you sure about that?
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Josphine
11 days ago
I agree, C seems off.
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Karan
17 days ago
C is definitely not in there.
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Belen
22 days ago
Wait, we're supposed to identify the thing that's not in the agreement? This exam is trickier than I thought. I'll guess C.
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Jess
27 days ago
Identification of the limited partners? Isn't that the whole point of a limited partnership? I'm going with A.
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Hildred
2 months ago
Haha, qualification of the limited partners? What is this, a dating app? I'll take option B.
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Alecia
2 months ago
Granting power of attorney to the limited partners? That's a bit much, don't you think? I'd go with option D.
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Mabel
2 months ago
The subscription agreement for a limited partnership offering should definitely include a record of sales of the partnership interests. That's just basic transparency.
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Lizette
2 months ago
I’m a bit confused about the qualifications part. I thought they were always included, which might mean B is not the answer.
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Freeman
2 months ago
I remember practicing a question similar to this, and I think a record of sales is more related to financial statements than the subscription agreement. So maybe D?
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Alona
2 months ago
I'm not entirely sure, but I feel like granting power of attorney to limited partners isn't typical in these agreements. Could it be C?
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Wilda
3 months ago
I think the subscription agreement usually includes the identification of limited partners, so that might rule out option A.
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Sonia
3 months ago
Ah, I think I've got it. The record of sales of the partnership interests is the piece that's not typically included in the subscription agreement. That's more likely to be covered elsewhere in the partnership documentation.
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Quentin
3 months ago
I'm a bit confused on this question. The options all sound like they could be part of a limited partnership agreement. I'll need to double-check my notes to make sure I understand the key components.
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Leoma
3 months ago
I've got a good feeling about this one. The power of attorney to the limited partners seems like the odd one out here. That's not something I'd expect to see in the standard subscription agreement.
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Sharita
3 months ago
Okay, let's see. I know the subscription agreement covers things like identifying the limited partners and their qualifications. But I'm not sure about the power of attorney and record of sales parts.
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Donette
3 months ago
Hmm, this seems like a tricky one. I'll need to carefully review the key elements of a limited partnership subscription agreement to identify the one that's not typically included.
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