CIMA Exam CIMAPRA17-BA4-1 Topic 8 Question 91 Discussion

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam

Question #: 91
Topic #: 8

Which of the following is INCORRECT regarding the differences between a general partnership and a company limited by shares?

(i) Both a partnership and a company are formed by registration with the Registrar of Companies.

(ii) All partners are agents of the firm and all directors are agents of the company.

(iii) All partners are fully liable for the firm's debts and the company is fully liable for its own debts.

A(i) only

B(i) and (ii) only

C(i) and (iii) only

D(iii) only

Show Suggested Answer

Suggested Answer: B

by Pedro at Jul 03, 2024, 10:30 PM

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