A partnership in which partners share in gains or losses, and carry unlimited liability for all partnership debts, is called a

Question

asked Oct 22, 2021 220k views

1 Answer

Brad Gilbert · Answer 1 · 2021-10-27T05:20:02+0000

Answer:

General partnership

Step-by-step explanation:

A general partnership is a business that is formed and/or owned by 2 or more individuals and who agree to share in profits, assets, liabilities, etc.

As seen from the question also, the general partnership entails sharing in losses and gain as well as carrying unlimited liability.

Cheers.