Which of the following is true of limited liability partnerships?
A) This type of partnership can operate under the Uniform Partnership Act.
B) This type of partnership can be formed without a specific state statute prescribing the conditions under which it can operate.
C) This type of partnership cannot operate under the common law.
D) This type of partnership cannot be formed in a majority of the states.

Question

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The Answer of Which of the following is true of limited liability partnerships?
A) This type of partnership can operate under the Uniform Partnership Act.
B) This type of partnership can be formed without a specific state statute prescribing the conditions under which it can operate.
C) This type of partnership cannot operate under the common law.
D) This type of partnership cannot be formed in a majority of the states.

Which of the Following Is True of Limited Liability Partnerships