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Which of the following statements is true? A partnership may consist entirely of limited partners. A limited partner may exercise control over the business in

Which of the following statements is true?
A partnership may consist entirely of limited partners.
A limited partner may exercise control over the business in proportion to his interest in it.
A partnership must obtain a charter from the state to be recognized as a legal entity.
The name of a limited partner cannot be used in the name of the business.
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