Which liability does NOT apply to a limited partner acting as a trustee?

In the context of limited partnerships, a limited partner typically enjoys protections against personal liability beyond their investment in the partnership. However, there are certain circumstances under which they may incur liability, particularly if they engage in activities outside their role as a limited partner.

When a limited partner acts as a trustee, they are functioning in a different capacity, and the liabilities they incur must be considered in relation to their actions in that role. Among the choices, general property wrongfully returned to them does not apply as a liability for a limited partner acting as a trustee. This is because the liability related to wrongful returns typically pertains to obligations or actions taken in the capacity of a partner, not as a trustee. In other words, if the limited partner, in their role as a trustee, improperly returns property, that act does not fall under the usual liabilities associated with limited partnership activities.

On the other hand, the other options refer to specific scenarios that more directly connect to the actions and responsibilities of a partner in a limited partnership or the inherent risks associated with being a trustee of specific property or assets. Therefore, recognizing that the role of a trustee delineates certain responsibilities helps clarify why general property wrongfully returned is not a liability that applies to a limited partner acting in