In a partnership, the conduct of members is guided by
ECONOMICS
WAEC 2016
In a partnership, the conduct of members is guided by
- A. a memorandum of understanding
- B. the article of partnership
- C. an article of association
- D. a partnership constitution
Correct Answer: B. the article of partnership
Explanation
Articles of partnership is a voluntary contract between/among two or more persons to place their capital, labor, and skills into business, with the understanding that there will be a sharing of the profits and losses between/among partners.
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