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Statement 1 - Partnership business is governed by Partnership Act. The Act was formulated through the collection of case laws and became one statute. Statement

Statement 1- Partnership business is governed by Partnership Act. The Act was formulated through the collection of case laws and became one statute. Statement 2 Sole proprietorship is governed by no act - meaning a businessman can start his ownt business with less government involvement but has to comply with applicable licenses/permits from municipality or provincial government. Statement 3- Corporation is governed by Canada Business Corporation Act ( CBCA ) and much more cumbersome than the preceding two statements. From the choices below, please choose the right answer.
a. All statements are false.
b. Statements 1 and 2 are false, but statement 3 is true.
c. All statements are true.
d. Statements 1 and 2 are true, but statement 3 is false.
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