Question: Which is the correct statement about partnerships? Select one: a. The partnership is a distinct legal entity, separate from all of the partners. b. All

Which is the correct statement about partnerships?

Select one:

a.

The partnership is a distinct legal entity, separate from all of the partners.

b.

All partners in a partnership must contribute equal resources to the partnership.

c.

A partnership has perpetual succession, so it continues to exist even after a partners death.

d.

Partnerships are regulated by state and territory Partnership Acts.

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