Which obligation does a limited partner have toward the partnership?

A limited partner's primary obligation in a limited partnership is to provide capital investment as agreed upon in the partnership agreement. This means that the limited partner contributes funds or assets to the partnership, which is essential for the partnership's operations and growth. In return for their investment, limited partners typically enjoy limited liability, meaning they are not personally responsible for the debts and obligations of the partnership beyond their capital contribution.

The other options represent duties or responsibilities that are not typically assigned to limited partners. Active management of the partnership and representation in contractual agreements is generally the role of general partners, who undertake the operational tasks and represent the entity in legal matters. Limited partners typically do not engage in the day-to-day management to maintain their limited liability status. Additionally, limited partners do not guarantee the business's debts personally, further emphasizing the distinction between their role and that of general partners. Thus, the obligation to provide capital investment is correctly identified as the fundamental duty of a limited partner.