Which of the following describes the liability of general partners in a limited partnership?

In a limited partnership, general partners have a significant role and extensive responsibilities. Their liability is indeed similar to that of partners in a general partnership, meaning they bear unlimited personal liability for the debts and obligations of the partnership. This characteristic highlights the risk that general partners take on, as their personal assets can be pursued to satisfy partnership debts.

In contrast, limited partners in a limited partnership enjoy liability protection that is restricted to the amount they have invested. This distinction is critical; while general partners engage actively in managing the partnership and assume full responsibility for its liabilities, limited partners typically do not participate in day-to-day operations and limit their financial risk only to their investment in the partnership. Thus, the nature of general partners' liability is inherently different and reflects a higher level of risk compared to limited partners.