Concept:In a partnership, a partner's liability decides what he can lose if the firm faces bankruptcy.
Explanation:A limited partner brings in capital but does not take part in managing the business.
His liability is limited only to the amount of capital he has invested in the firm.
So, if the partnership becomes bankrupt, the limited partner loses only his capital contribution.
His personal assets remain safe from the firm's creditors.
In contrast, a normal partner, general partner, and active partner all have unlimited liability.
They must pay the firm's debts even from their personal property.
Answer:B. A limited partner