1. Four persons, A, B, C and D, intend to open a food store in the nature of a limited partnership. They *** with the preparation of a partnership agreement, the agreement is partially as follows:

1) D is a limited partner, according to the Partnership Law, limited partners may not contribute in the form of labor.

2) D is a limited partner, and in a limited partnership, a limited partner may not be responsible for the execution of affairs.

3) The partnership agreement may not agree to distribute all the profits to some of the partners

4) A limited partner is transformed into a general partner, who, according to the law, is also liable for unlimited joint and several liability for the debts of the enterprise during the period he was a limited partner.

5)In the event of the death of a limited partner, his/her heirs may acquire the status of limited partner.

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