JAMB - Commerce (2023 - No. 17)
I. Its unlimited nature
II. The number of partners
III. The withdrawal of a major of partner
IV. The bearing of risk
Which of these is both merit and demerit in partnership?
II. The number of partners
III. The withdrawal of a major of partner
IV. The bearing of risk
Which of these is both merit and demerit in partnership?
III and IV
I only
II only
I and II
Explication
Partnership are formed by an association of two to twenty persons. The number of partners involved serves as both merit and demerit to partnership business.