Multiple Choice
Which of the following statements about partnership and limited liability is(are) true? I) all the partners in a partnership can have limited liability
II) general partners in a partnership cannot have limited liability
III) general partners in a partnership can be corporations
IV) only limited partners in a partnership can have limited liability
A) I and II only
B) I, II and III only
C) II, III and IV only
D) I and III only
Correct Answer:
Verified
Correct Answer:
Verified
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