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  5. I. Its unlimited nat...

I. Its unlimited nature II. The number of partners III. The withdrawal of a major...

Commerce
JAMB 2023

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?

  • A. III and IV
  • B. I only
  • C. II only
  • D. I and II
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Correct Answer: Option C
Explanation

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.

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