True or False

1.T / FA limited partner has the same level of liability as any other partner

2.T / FA partnership agreement can allocate the levels of legal liability between partners for the partnership's actions

3.T / FPreferential shares in a corporation do not bring with them voting rights

4.T / FA sole proprietor will be taxed at the personal income tax rate

5.T / FAs a corporation is a separate person, under no circumstances can the directors, officers and shareholders be held liable for the actions of the corporation

6.T / FPartners are agents of each other

7.T / FInsurance is rarely available for sole proprietorships and partnerships

8.T / FThe sale of bonds by a corporation creates an ownership interest in thecorporation for the buyer