JAMB Commerce 2009 Objective — Question 28

Question 28 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2009 Objective paper, with the correct answer and a full explanation.

28. The type of partnership in which all partners are jointly liable in bearing risks is a

A. limited partnership
B. partnership at-will
C. ordinary partnershipCorrect
D. industrial partnership

Explanation

In an ordinary partnership, all members of the partnership business are jointly responsible for the liability of the business.

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