Question：Which of the following statements about traditional partnerships are true?
　　(1) A partnership is a legal entity separate from its members;
　　(2) Each partner is liable without limit for the debts of the partnership;
　　(3) Written partnership agreements override the statutory terms contained in the Partnership Act 1890;
　　(4) The assets and liabilities belong to the partners;
　　(5) Every partner is an agent of the partnership.
　　A. 1, 2 and 5 only.
　　B. 1, 2, 4 and 5 only.
　　C. 2, 3, 4 and 5 only.
　　D. 2, 4 and 5 only.
　　The correct answer is: 2, 3, 4 and 5 only.
　　解析：Each partner is liable without limit for the debts of the partnership; the assets and liabilities belong to the partners and every partner is an agent of the partnership.
　　Written partnership agreements override terms contained in the Partnership Act 1890 which was designed to provide a legal framework where agreements are silent.
　　A partnership is not a separate legal personality.