Disadvantages of partnerships include all the following except?

A. Partnerships may reduce competition
B. Partners may disagree
C. Partners are bound by contractors of others
D. Partnerships have an uncertain life

Respuesta :

Answer:

D. Partnerships have an uncertain life

Explanation:

A partnership business is formed by at least two people. Legally, a partnership is not an independent entity. Its continuity is pegged to the lives of its partners. Death, withdrawal, or bankruptcy of a partner may lead to the dissolution of a partnership business. For these reasons, a partnership business is seen to have uncertain life.