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Explain the duties and rights of a limited partner

(a)Distinguish between a company limited by shares and a company limited by guarantee. (3 marks)

(b)Explain the advantages of a partnership as opposed to a limited liability company. (6 marks)

(c)Explain the duties and rights of a limited partner. (6 marks)

(d)State five circumstances that may lead to the dissolution of a partnership.
(5 marks)
(Total: 20 marks)

 

 

 

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