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The partnership entity is __________.

A. legal entity

B. legal entity and accountable entity

C. neither entity nor accountable entity

D. group of individuals without legal status

Answer: Option B

Solution(By Examveda Team)

The partnership entity is legal entity and accountable entity. A legal entity has legal capacity to enter into agreements or contracts, assume obligations, incur and pay debts, sue and be sued in its own right, and to be held responsible for its actions.

This Question Belongs to Commerce >> Business And Commerce

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Comments ( 1 )

  1. Sneha Agrawal
    Sneha Agrawal :
    6 years ago

    how partnership is legal entity?

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