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The Partner Who Partakes In The Management Of The Firm And Assumes Personal Responsibility For The Firm's Debts Is A - Erudites Academy

Categories: Accounting WAEC

The partner who partakes in the management of the firm and assumes personal responsibility for the firm’s debts is a

A. general partner
B. sleeping partner
C. quasi partner
D. limited partner

Correct Answer:

Option A = general partner

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3 years ago