- 1 Marks
Question
A partnership in which all members are involved in the management of the firm’s business is
A. General partnership
B. Government partnership
C. Limited partnership
D. Active partnership
E. Supreme partnership
Answer
A
Explanation:
In a General partnership, all partners typically participate in the day-to-day management of the business, as opposed to a Limited partnership where some partners have limited involvement.
- Tags: Equity, Natural Justice, Partnership Types
- Level: Level 1
- Topic: Partnership Law
- Series: NOV 2020
- Uploader: Dotse