JAMB Economics 2018 Objective — Question 8
Question 8 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2018 Objective paper, with the correct answer and a full explanation.
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The minimum number of persons who are legally allowed to operate a partnership business is
- A. Two and five persons
- B. Seven and fifty persons
- C. Two and fifty persons
- D. Two and aboveCorrect
Explanation
Under the Companies and Allied Matters Act, a partnership requires a minimum of two persons, with no fixed maximum stated here.
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