Which of the following is a strong feature of partnership?

FINANCIAL

POST UTME UI

A) The life of the partnership is generally assumed to be indefinite
B) The owners are liable personally for all debts of the business
C) The transfer of ownership interest is frequent and easy to accomplish
D) The partnership is complex to form because of many legal and reporting requirements

Correct Answer: B) The owners are liable personally for all debts of the business

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