JAMB Commerce 1998 Question 8

Use the information below to answer questions 7 and 8.
Mr. Obi is a manager of Obi Agricultural Venture. He makes all the decisions and takes all profits from the business. He had agreed with Alhaji Musa (a farmer) to pool their resources together and expand their business. They invited Mr. Abayomi (a cotton grower) to join them. Mr. Abayomi agreed on the condition that his liability in the new firm will be limited to his investment in it. They thus registered Obi, Musa & Abayomi Agricultural Ventures.
Which of the statements below is true of Mr. Abayomi?

1. A.He can assign his shares to another without consent of other partners
2. B.He cannot take part in the management of the business
3. C.His actions as a limited partner can bind the firm
4. D.His death will automatically dissolve the partnership.