Which of the following is NOT a characteristic of a general partner?

In a general partnership, a general partner has several defining characteristics that help distinguish their role from that of a limited partner. One of the most prominent traits of a general partner is the concept of unlimited liability, meaning they are personally responsible for the debts and obligations of the partnership. This liability extends beyond their investment in the business and can lead to personal financial consequences if the partnership fails.

General partners are also actively involved in the management of the partnership. They typically have the authority to make decisions that bind the partnership, participate in day-to-day operations, and contribute to the overall strategic direction of the business. This active management role is what enables them to be instrumental in the underpinnings of the partnership's success.

Moreover, general partners possess the ability to bind the partnership to contracts and obligations. This means that actions taken by a general partner in the course of business can legally commit the partnership, and thus, any agreements they enter into are binding on the entirety of the partnership.

In contrast, the characteristic that is not associated with general partners is having limited obligations. Limited obligations are typically a hallmark of limited partners who enjoy liability protection up to the amount of their investment in the partnership. In essence, while limited partners do not engage in management and have