Which of the Following Statements About Partnership and Limited Liability

Multiple Choice

Which of the following statements about partnership and limited liability is (are) true?

A) All the partners in a partnership can have limited liability and general partners in a partnership cannot have limited liability.
B) All the partners in a partnership can have limited liability, general partners in a partnership cannot have limited liability, and general partners in a partnership can be corporations.
C) General partners in a partnership cannot have limited liability, general partners in a partnership can be corporations, and only limited partners in a partnership can have limited liability.
D) All the partners in a partnership can have limited liability and general partners in a partnership can be corporations.