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
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