Ben and Jerry, having made millions operating a well-known ice cream business, are approached by Jennifer with a new business idea. Jennifer pitches to Ben & Jerry the idea of manufacturing ice cream widgets that will be used to mark whose ice cream dish is whose at birthday parties. Ben & Jerry like the idea, but want to limit their personal liability should the business fail. Jennifer agrees to be the general partner, with Ben & Jerry contributing capital of up to $100,000 as limited partners in the newly formed Ice Cream Widgets LP. Which, if any, of the following are true statements concerning the limited partnership?

Question 2 options:

a)

Jennifer can leave the partnership without causing a dissolution event.

b)

Ben and Jerry can control day-to-day management of the business and remain limited partners.

c)

Jennifer is limited in her liability up to $100,000.

d)

Ben & Jerry are limited in their liability up to $100,000.