A limited partner is guaranteed distributions $($return on his investment$).$

Select one:

True

False

A dissociated partner remains liable for partnership debt for two years after dissociating.

Select one:

True

False

Partners do not have a right to

a$.$ an accounting.

b$.$ access to partnership property.

c$.$ be discharged from partnership debts.

d$.$ inspect books and records.

Which of the following is not true about a sole proprietorship?

a$.$ The business can own property.

b$.$ The business can function under an assumed name.

c$.$ The business is essentially the alter$-$ego of the owner.

d$.$ The owner is $100\%$ personally liable for business debt.

A partner's fiduciary duty includes

Select one:

a$.$ Duty of loyalty.

b$.$ Duty not to compete.

c$.$ Duty not to usurp partnership opportunities.

d$.$ All of the above.