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WAEC Economics 2016 Question 23

Question 23

Business Organisations

In a partnership, the conduct of members is guided by

  1. A.a memorandum of understanding.
  2. B.the articles of partnership.
  3. C.an article of association.
  4. D.a partnership constitution.
Show the answer and explanation

Answer: B (the articles of partnership.)

Explanation

Partners sign a deed or articles of partnership setting out their rights and duties.