- 1 Marks
Question
The membership of a general partnership is usually from:
A. Two to twenty persons
B. Two to twenty-five persons
C. One to thirty persons
D. One to twenty-five persons
E. Three to twenty-five persons
Answer
A. Two to twenty persons
Explanation:
A general partnership typically consists of a minimum of two persons and a maximum of twenty persons. This is the range recognized by most legal frameworks for partnerships, beyond which the business structure may require registration as a company.
- Tags: Business Law, Membership, Partnership
- Level: Level 1
- Topic: Partnership Law
- Series: MAY 2012
- Uploader: Theophilus