Use the above information below to answer question 7 and 8.

Mr obi is a manager of obi Agricultural Venture.

he makes all the decisions and takes all profits

from the business. H e had agreed with Alhaji Musa


It can be deduce from the above that obi AgricultrualVenture is a

(a farmer) to pool their resources together and

expand their business.They invited Mr Abayomi

(a cotton grower) to join them. Mr Abayami agreed on the condition that his liability in the new firm will be limited to his investment in it. The thus registered Obi, Musa and Abayaomi''s Agricultural ventures.

gilmore329

4 months ago

the answer is limited liability, why because when it was mr obi's business it was a sole proprietor, when it was him and mr musa it was a partnership,now that mr abayomi came into the businnes and added that he is limited to his investment, that makes the partnership a limited partnership, therefore the answer is c limited partnership

joshuaminala

7 years ago

A

Empressdeb

2 years ago

the there of them where sole proprietor
coming together or pooling their resources together make them become partners
now ABAYAMI clearly stating that he liability should be limited to his investment already implies that he is a partner limited by capital

Empressdeb

2 years ago

for clearity check the next question