Question on: WAEC Economics - 2016
In a partnership, the conduct of members is guided by
A
a memorandum of understanding
B
the article of partnership
C
an article of association
D
a partnership constitution
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Correct Option: B
Articles of partnership is a voluntary contract between/among two or more persons to place their capital, labor, and skills into business, with the understanding that there will be a sharing of the profits and losses between/among partners.
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