1.2 Which one of the following statements about the partnership form of business is correct? a) Partnerships...

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1.2 Which one of the following statements about the partnership form of business is correct?

a) Partnerships are always very small businesses.

b) Partners are obliged by law to put £50,000 into the business when it starts up.

c) Partnerships are very difficult to set up because of the amount of information demanded by the government.

d) Partners are personally liable for the debts of the partnership business.

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