A partnership has a limited life, because any change in the relationship of the partners dissolves the partnership.

Question

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A partnership is a business structure that is formed by two or more individuals. It is a type of business where partners share the profits and liabilities of the business. However, a partnership has a limited life because any change in the relationship of the partners, like the death or withdrawal of a partner, dissolves the partnership. This means that the partnership will no longer exist and will have to be dissolved, and the partners will need to go their separate ways. Therefore, A is the correct answer.

A Partnership Has a Limited Life, Because Any Change in the Relationship