JAMB Commerce 2010 Objective — Question 26
Question 26 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2010 Objective paper, with the correct answer and a full explanation.
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26. Most partnership business operates on the basis of limited liability. That is the reason in some cases, there is at least one general partner whose liability will be unlimited to the capital contributed A. True B. False
- A. TrueCorrect
- B. False
- C. —
- D. —
Explanation
Most partnership businesses operate on the basis of limited liability; in some cases, there is at least one general partner whose liability will be unlimited to the capital contributed.
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