Under the revised uniform partnership act

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1. Under the Revised Uniform Partnership Act,

A. partners don't have transferable economic interests.

B. partners are co-owners of partnership property.

C. partnership property is owned by the partnership.

D. the partnership is an aggregate rather than an entity in its own right.

2. The difference between a limited partnership and a registered limited liability partnership (RLLP) is that

A. an RLLP can have secret partners, while a limited partnership can't.

B. all partners have limited liability in a limited partnership, but not in an RLLP.

C. a limited partnership can have secret partners, while an RLLP can't.

D. all partners have limited liability in an RLLP, but not in a limited partnership

Reference no: EM13296431

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