FINRA-General Securities Representative Qualification Examination Set 4

general creditors, secured lenders, limited partners, general partners secured lenders, limited partners, general creditors, general partners secured lenders, general creditors, limited partners, general partners general creditors, general partners, limited partners, secured lenders

transfer of ownership of a limited partnership interest sale or transfer of partnership assets majority vote of the limited partners to end the partnership arrival of the termination date established in the partnership agreement

the general partner's profits the general partner's personal assets the partnership's income the personal assets of the limited partners

the point at which the program becomes profitable the point at which income exceeds deductions the fact that there are more general partners than limited partners the profit of limited partners exceeding profit of general partners

business objective and centralized management continuity of life of the business and limited liability two or more associates and free transferability of assets continuity of life of the business and transferability of assets