When comparing trusts and partnerships, one of the following statements is correct:

a. The trustee becomes the legal owner of the trust property, while the partnership assets remain the legal property of the partner who contributed them.

b. Partners owe fiduciary duties to each other partner, whereas a trustee owes such duties tothe beneficiaries of the trust

c. Both partners and trustees are expected to take considerable business risks.

d. Partners are in a contractual relationship with one another, while a beneficiary is bound in contract with the trust.