Commerce
JAMB 1998
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.
-
A.
A sole proprietorship
-
B.
general partnership
-
C.
limited partnership
-
D.
limited partnership
-
E.
joint partnership
Correct Answer: Option A
Explanation
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