Bob and Sally Jones form a Family Limited Partnership and transfer their farm to the partnership in exchange for a 1 percent general partner interest and 99 percent limited partner interests. Bob and Sally retain the one percent general partner interest and gift the limited partner interests to their three children. Which of the following is a true statement about the Family Limited Partnership?

A. Bob and Sally cannot decide to sell the farm without the consent of at least a majority of the limited partners.

B. If the farm business distributes $100,000 to the partners proportionately, Bob and Sally will only receive $1,000 and their children will receive $99,000.

C. If the farm had a fair market value of $1,000,000 at the time Bob and Sally made their gifts to their children a judgment creditor could probably seize the farm before the gifts are made

D. Bob and Sally cannot gift their general partner interest to their children.