Which of the following statements is correct? O A. The liability of the partners for the debts of the partnership is limited to the amounts invested by each partner. O B. A loan cannot be obtained in the name of the partnership. O C. A partnership business is liable for its own taxes on the profits earned. O D. The lifespan of a partnership is perpetual.

Which of the following statements is correct? A. The liability of the partners for the debts of the partnership is limited to the amounts invested by each partner. B. A loan cannot be obtained in the name of the partnership. C. A partnership business is liable for its own taxes on the profits earned. D. The lifespan of a partnership is perpetual