Consider the following statements -

A. Each partner has a right to take an active part in the management of a partnership.

B. The partners are jointly and severally liable for the contractual obligations of the

partnership.

C. Retiring partners can never be liable for debts of the partnership.

D. Any partner can call for the dissolution of a partnership.

Which of the following apply to a simple partnership formed in Victoria?

a. A and B

b. A and C

c. A and D

d. all four statements