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Question 5
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- What is a Partnership form of business?
- State four right of a member of the partnership
- Give five reasons that could lead to the dissolution of a partnership.
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What is a Partnership form of business?
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State four right of a member of the partnership
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Give five reasons that could lead to the dissolution of a partnership.
Candidates performed well in the meaning of partnership and reasons for dissolution, many however did not know the rights of a partner.
The partner has the following rights viz:
- Right to profit sharing
- Right to vote and be voted for
- Right to participation in all decisions concerning the partnership.
- Right to access the partnership books etc.
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