• 1 Marks

BL – May 2023 – L1 – SA – Q13 – Partnership Law

Identify the type of partner liable only to the extent of their capital contribution.

A partner who is liable only to the extent of his capital contribution in apportioning of the partnership’s debts is called a/an:

A. Special partner
B. Ordinary partner
C. Inferior partner
D. Quasi partner
E. Limited partner

E

Explanation:
Option E is correct because a “Limited partner” is one who has limited liability, meaning they are only responsible for the debts of the partnership to the extent of their capital contribution. They are not personally liable for the partnership’s debts beyond their investment.

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