Partnership Agreements Often Include Provisions That Excuse Partners from Liability

Partnership agreements often include provisions that excuse partners from liability if they act in good faith and with the honest belief that their actions are in the best interests of the partnership.Such a provision is designed to:

A) promote the formation of partnerships.
B) eliminate any liability of its partners.
C) encourage honest partners to take reasonable business risks without fearing liability.
D) support honest partners,regardless if the risk is reasonable.