Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

Finra Exam Series-7 Topic 4 Question 106 Discussion

Actual exam question for Finra's Series-7 exam
Question #: 106
Topic #: 4
[All Series-7 Questions]

Which of the following activities by a limited partner may subject the partner to unlimited liability?

Show Suggested Answer Hide Answer
Suggested Answer: B

deductions from gross income to offset lower value of equipment. Depreciation is the deduction of costs for capital assets as their value declines.


by Dorothea at Jan 22, 2025, 04:11 PM

Limited Time Offer

25%

Off

Get Premium Series-7 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Ryan
2 months ago
Wait, did someone say 'unlimited liability'? Yikes, I'm going with D and keeping my limited status intact!
upvoted 0 times
...
Izetta
2 months ago
D, all the way. I'd rather not become an unlimited partner by accident. That would be a real liability, if you ask me!
upvoted 0 times
Brittney
30 days ago
C) making loans beyond those specified in the partnership agreement
upvoted 0 times
...
Laurel
2 months ago
B) committing the partnership in any manner
upvoted 0 times
...
Ula
2 months ago
A) participating in management of the partnership
upvoted 0 times
...
...
Fausto
3 months ago
Ah, the joys of partnership law. I'm going with D, no need to tempt fate here.
upvoted 0 times
Shizue
2 months ago
User 3: Yeah, it's best to stick to the agreement.
upvoted 0 times
...
Trinidad
2 months ago
User 2: Agreed, participating in management can be risky.
upvoted 0 times
...
Elin
2 months ago
User 1: I think it's D, better safe than sorry.
upvoted 0 times
...
...
Lavonna
3 months ago
But if a limited partner participates in management, they could be seen as a general partner and be subject to unlimited liability.
upvoted 0 times
...
Robt
3 months ago
I disagree, I believe the answer is A) participating in management of the partnership.
upvoted 0 times
...
Lavonna
3 months ago
I think the answer is D) all of the above.
upvoted 0 times
...
Lucille
3 months ago
Definitely D, I can't imagine any of those activities being safe for a limited partner. Gotta play it safe, you know?
upvoted 0 times
Pauline
2 months ago
D) all of the above
upvoted 0 times
...
Brett
2 months ago
C) making loans beyond those specified in the partnership agreement
upvoted 0 times
...
Cary
2 months ago
B) committing the partnership in any manner
upvoted 0 times
...
Ammie
3 months ago
A) participating in management of the partnership
upvoted 0 times
...
...
Horace
3 months ago
Hmm, I bet the answer is D. I don't want to end up with unlimited liability, that would be a nightmare!
upvoted 0 times
...

Save Cancel