Q30
The partnership entity is __________.
A.
legal entity
B.
legal entity and accountable entity
AnswerC.
neither entity nor accountable entity
D.
group of individuals without legal status
Answer: Option B
Solution
Answer: Option B
Solution:
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.