A partnership is formed by
FINANCIAL
WAEC 2023
A partnership is formed by
- A. two or more individuals
- B. only one person
- C. two individuals only
- D. two or more companies
Correct Answer: A. two or more individuals
Explanation
Section 1 of the Partnership act 1890 defined partnership as a relationship which subsists between two to twenty people carrying on a business in common with a view of profit making and the sharing exercise being confined to only members in the partnership deed.
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