Which of the statements below is true of Mr Abayomi?

a

He can assign his shares to another without consent of other partners

b

He cannot take part in the management of the business

c

His actions as a limited partner can bind the firm

d

His death will automatically dissolve partnership

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Correct Option
c

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Discussions (3)

joshuaminala
7 years ago

C

Kemmyffffffffff
3 years ago

d answer dhould be c because termination of partnership includes death of a partner

rajiluqman
5 years ago

D correct answer is B. Mr Abayomi is a limited partner whose liability is limited to the amount he invested and can not partake in the management of the business.

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