1- Which of the following doesnotapply to limited partnerships?

a.Limited partners are liable only to the extent of their investment.

b.Limited partners must share management decisions.

c.Limited partners must follow provisions set out in the partnership legislation to avoid the risk of being considered a general partner.

d.Limited partners must not allow their names to be included in the firm name.

e.Limited partners must register as limited partners.

2-Mr. Chapman approached Mr. Liang on the street and said that he heard that Liang was the business partner of Ms. Godard. Mr. Chapman said that Godard owed him $30 000 under a contract, and that if Liang didn't pay up, he would sue Liang and Godard. Liang denied that he was Godard's partner. Chapman cited the following facts, all of which he could prove. Which of these facts is the strongest evidence of the existence of a partnership?

a.Godard had entered into an agreement with Liang to repay a debt by paying him a percentage of her business profits although Liang didn't participate in that business in any way.

b.Liang and Godard co-own an apartment building (real property).

c.Liang and Godard work together for a non-profit charity.

d.Liang and Godard share the profits from a business.

e.Liang and Godard share the gross returns from a business.