A partnership is dissolved due to

Source: JAMB · 2023

A partnership is dissolved due to

  1. liquidity of the firm
  2. death of the employee
  3. insanity of a partner ✓
  4. resignation of an employee
Explanation

This answer correctly describes the business or trade concept. Commerce deals with buying, selling, and business operations.

The other options relate to different aspects of business or trade. They aren’t the best answer here.

Understanding this helps you grasp how businesses operate and how trade happens.

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