1. Under the Revised Uniform Partnership Act,
A. partners don't have transferable economic interests.
B. partners are co-owners of partnership property.
C. partnership property is owned by the partnership.
D. the partnership is an aggregate rather than an entity in its own right.
2. The difference between a limited partnership and a registered limited liability partnership (RLLP) is that
A. an RLLP can have secret partners, while a limited partnership can't.
B. all partners have limited liability in a limited partnership, but not in an RLLP.
C. a limited partnership can have secret partners, while an RLLP can't.
D. all partners have limited liability in an RLLP, but not in a limited partnership