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GCE Commerce 1989 Question 22

Question 22

Business Units

A partnership formed for banking business is made up of

  1. A.2-10 members
  2. B.2-20 members
  3. C.2-30 members
  4. D.2-40 members
  5. E.2-50 members
Show the answer and explanation

Answer: A (2-10 members)

Explanation

The law limits a banking partnership to between 2 and 10 partners (ordinary partnerships to 20).