(i) Cannot withdraw or receive back his interest during the currency of the firm.
(ii) May not take part in the management of the firms business. If he does, he becomes a
general partner for the duration he acted and may be held personally liable.
(iii) does not bind the firm.
(iv) Cannot dissolve the partnership by notice.
(v) His death of bankruptcy or insanity does not lead to dissolution.
(vi) Charging of his interest for a private debt does not lead to dissolution.
(vii) Unless otherwise provided the firms affairs are wound up by a general partner.
(viii) A person may be admitted as partner without consent of the limited partner
maurice.mutuku answered the question on May 3, 2018 at 08:55
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