Which of the Following Statements Are TRUE

Multiple Choice

Which of the following statements are TRUE?

A) All partners in both limited partnerships and general partnerships are entitled to advise regarding management.
B) In a limited partnership, the liability of all partners for the obligations of the partnership is limited.
C) Both limited partnerships and general partnerships come into existence as soon as two or more people start carrying on business with a view to a profit.
D) Both limited partners and general partners have unlimited liability for the obligations of the partnership.
E) none of the above