The statement that in a limited partnership, a limited partner has full responsibility for the partnership and for all its debts is false.
A limited partnership (LP) is a partnership agreement between two or more partners - a general partner and limited partners who go into business together.
The limited partners are only liable for the amount they invested in the business but have little to no involvement in the management of the business.
The general partners have unlimited liability and are fully in charge of the management of the business.
Therefore, a limited partner does not have full responsibility for the partnership and for all its debts in a limited partnership.
Learn more about the limited partnerships at brainly.com/question/25877213.
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