Which of the following is a strong feature of p... - JAMB Accounting 1995 Question
Which of the following is a strong feature of partnership?
A
The life of the partnership is generally assumed to be indefinite
B
The owners are liable personally for all debts of the business
C
The transfer of ownership interest is frequent and easy to accomplish
D
The partnership is complex to form because of many legal and reporting requirements
correct option: b
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