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Roger and Marco set up RM & Company, a partnership business. Which of the following assertions applies to RM & Company? A. RM & Co.

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Roger and Marco set up RM & Company, a partnership business. Which of the following assertions applies to RM & Company? A. RM & Co. is a business entity, a legal entity and has unlimited liability B. RM & Co. has limited life, is a legal entity and has limited liability C. RM & Co. can sue others in own business name and has limited life and unlimited liability D. RM & Co. does not have unlimited life and limited liability but can obtain a TD Bank loan

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