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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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Hildred
3 days ago
Haha, qualification of the limited partners? What is this, a dating app? I'll take option B.
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Alecia
8 days 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
13 days 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
18 days 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
23 days 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
29 days 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
1 month 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
1 month 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
1 month 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
2 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
2 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
2 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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