Which of the statements below is true of Mr Abayomi?
COMMERCE
JAMB 1998
Which of the statements below is true of Mr Abayomi?
- A. He can assign his shares to another without consent of other partners
- B. He cannot take part in the management of the business
- C. His actions as a limited partner can bind the firm
- D. His death will automatically dissolve partnership
Correct Answer: C. His actions as a limited partner can bind the firm
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