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?
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