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13 July, 15:56

Characteristics of a general partnership include all of the following except:

a. Unlimited liability.

b. Mutual agency.

c. Voluntary association.

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  1. 13 July, 16:00
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    c. Voluntary association.

    Explanation:

    The general partnership is an agreement between two or more persons who agrees to share the profit or losses in their profit losses sharing ratio. Plus every person is liable to pay the debt for conducting the business activities

    The person we called the partners. In this, the liabilities of the partners are unlimited plus they have entered into an agreement with mutual consent.

    Hence, the correct answer is c. voluntary association
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