Please help answer

1.Charlie's business ran into financial trouble. Charlie went to the bank to see about obtaining a loan, and asked his good friend, John, to come with him. John was not involved with Charlie's business, but was very knowledgeable about financial matters. At the meeting, Charlie introduced John as his partner, and John conducted most of the negotiations with the banker. Can John be liable on Charlie's loan?

A. Yes, because John could be found to be a purported partner.

B. No, because there is no legal partnership between Charlie and John.

C. No, because the bank should have asked to see the partnership agreement.

D. Yes, because John and Charlie formed a legal partnership by working together to get the loan for Charlie's business.

2.Barbara, Melinda and Rick decide to leave a large accounting firm and form their own accounting practice where they will share equally in management responsibilities. What is the best form of business for them to select?

A. Limited liability partnership

B. Limited liability limited partnership

C. General partnership

D. Limited partnership

3.In the absence of a specific provision in a general partnership agreement, partnership losses will be allocated:

A. In the same proportion that profits are shared

b. Equally among all partners regardless of the allocation of profits

C. In proportion to the partners' capital contributions

D. In proportion to the partners' capital account balances

4.Which of the following is a nonwrongful dissociation?

a. A court ordering a partner removed at the request of the other partners

b. A partner's filing of a bankruptcy petition

C. A partner's retirement at age 68 when the partnership agreement permits retirement at age 70

D. A partner's death

5.A limited partner's obligation to contribute capital may be enforced only by:

A. The general partner(s)

B. The limited partnership and creditors of the limited partnership

C. The limited partners

D. The general partner(s) and creditors of the limited partnership