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?
- III and IV
- I only
-
II only
- I and II
The correct answer is: 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.