3016Civil EngineeringMedium
Which is true about partnership?
AIt can be handed down from one generation of partners to another
BIts capitalization must be equal for each partner
CIt has a perpetual life
DIt will be dissolved if one of the partners ceases to be connected with the partnership
Correct answer
A. It can be handed down from one generation of partners to another
Explanation
The correct answer is It can be handed down from one generation of partners to another.