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Which of the following can be termed as the features of Limited Liability Partnership?
1. Hybrid form of organization
2. Separate legal entity
3. Perpetual Succession
4. Larger owner/manager distinction
5. Limited liability

A. 1, 2, 3 and 4

B. 2, 3, 4 and 5

C. 2, 4 and 5

D. 1, 2, 3 and 5

Answer: Option D


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