Assertion: partnership's partner | /r/HasAspect | no management authority
Facets:
value: over the business
type: OTHER
value: over unlimited personal liability
type: OTHER
Source sentences:
text: This means that the limited partners have no management authority, and (unless they obligate themselves by a separate contract such as a guarantee) are not liable for the debts of the partnership.
text: Limited partners, on the other hand, have no management powers, but neither are they personally liable for the debts of the partnership.
text: The general partner has full management power over the business and unlimited personal liability.
text: This means that the limited partners have no management authority, and (unless they obligate themselves by a separate contract such as a guarantee) are not liable for the debts of the partnership.