Use the above information below to answer question 7 and 8. Mr obi is a
COMMERCE
JAMB 1998
Use the above information below to answer question 7 and 8. Mr obi is a manager of obi Agricultural Venture. he makes all the decisions and takes all profits from the business. H e had agreed with Alhaji Musa. It can be deduce from the above that obi Agricultrual Venture is a (a farmer) to pool their resources together and expand their business.They invited Mr Abayomi (a cotton grower) to join them. Mr Abayami agreed on the condition that his liability in the new firm will be limited to his
- A. A sole proprietorship
- B. general partnership
- C. limited partnership
- D. Joint partnership
Correct Answer: A. A sole proprietorship
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