JAMB Commerce 2025 Objective — Question 17
Question 17 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2025 Objective paper, with the correct answer and a full explanation.
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In partnership, partners' liabilities are:
- A. UnlimitedCorrect
- B. Limited to the capital of the business
- C. Limited
- D. Both A and C
Explanation
The liability of partners in an ordinary partnership is unlimited, except where the business is registered as a limited liability partnership.
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