With reference to unincorporated associations in the law of persons:- Explain the salient features of a limited partnership.

Salient features of a limited partnership

• Must not consist of more than twenty people, or in the case of banking ten.
• One of the partners must be a general partner. A general partner is liable for all the debts of the firm, while a limited partner does not incur any liability beyond the amount he has already contributed.
• A limited partner must not draw his share as long as the partnership continues.