Which of the following indicate that a partnership business is in place?
(i) There is a business
(ii)It is run commonly by partners
(iii)It has profit-making in view
(iv) Partners’ liability is limited
(i) There is a business
(ii)It is run commonly by partners
(iii)It has profit-making in view
(iv) Partners’ liability is limited
-
A.
i and ii only -
B.
i, ii and iii only -
C.
i, iii and iv only -
D.
ii, iii and iv only