Question

Explain the types of partnership on the basis of liability​

Answer 1

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On the basis of the duration of the liability, the types of partnership are a general partnership, limited partnership, and Limited liability partnership. General Partnership: ... The partners enjoy the right to participate in the management of the firm and their acts are binding on each other as well as on the firm.

Explanation:

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Answer 2

Answer:

On the basis of the duration of the liability, the types of partnership are a general partnership, limited partnership, and Limited liability partnership. General Partnership: ... The partners enjoy the right to participate in the management of the firm and their acts are binding on each other as well as on the firm.

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