O-LevelCommerceBusiness enterprise7100/12 · May/June 2015 · Q371 Mark

Which information is not contained in a partnership deed for a general partnership?

Athe conditions under which new partners may be introduced

Bthe method of sharing profits and losses

Cthe responsibilities of each partner in the business

Dthe statement that the liability of the partners is limited

✓ Correct answer

D: the statement that the liability of the partners is limited

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Topic: Business enterprise, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, May/June 2015 Paper 1 Variant 2, question 37.

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