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WAEC Commerce 1996 Question 31

Question 31

Business Units

Which of the following is drawn up as a guide to the running of a Partnership?

  1. A.Deed of Agreement
  2. B.Partnership Act
  3. C.Memorandum of Association
  4. D.Prospectus
  5. E.Articles of Association
Show the answer and explanation

Answer: A (Deed of Agreement)

Explanation

Partners sign a deed of partnership (agreement) setting out how the firm will be run.