Elliott is interested in forming a partnership and is conducting research into partnership agreements. Based on his reading of his Business Law textbook, one of the following statements is correct. Choose the statement that is CORRECT. Select one: a. Where parties clearly state in a contract that they are not partners, the courts cannot find a partnership exists. b. Any limitations on the powers or authority of each partner are not important matters that should be addressed in a contract creating a partnership. c. It is not a best practice to create a partnership through contract. d. The rights of outsiders dealing with the partnership, are, without notice, unaffected by any agreement between the partners. Ana has read about corporations in the Business Law in Canada textbook. Based on the material in the textbook, all of the statements below are true, except one. Choose the FALSE statement. Select one: a. The shareholders elect directors at the annual meeting of shareholders. b. Directors may be held personally liable for taxes which are left unpaid by the corporation c. A bankrupt person can serve as a director as long as the director is an adult and of sound mind. d. Certain decisions, such as a fundamental change in the corporation, require shareholder approval