In a partnership, the conduct of members is guided by?

A. a memorandum of understanding
B. the article of partnership
C. an article of association
D. a partnership constitution

Correct Answer: Option B

B. the article of partnership

Explanation

Articles of partnership is a voluntary contract between/among two or more persons to place their capital, labor, and skills into a business, with the understanding that there will be a sharing of the profits and losses between/among partners.