I. Its unlimited nature II. The number of partners III. The withdrawal of a major of partner IV. The bearing of risk Which of these is both merit and demeri...

I. Its unlimited nature
II. The number of partners
III. The withdrawal of a major of partner
IV. The bearing of risk

Which of these is both merit and demerit in partnership?

Answer Details

Partnership are formed by an association of two to twenty persons. The number of partners involved serves as both merit and demerit to partnership business.