Which of the following is not a characteristic of a partnership?

partners sell each other shares.

partners share in the start up costs.

partners share responsibilities

partners are liable for all debts.

A) Partners sell each other shares. I chose this option because partners DO NOT sell each other shares. You are both in it together equally (unless you negotiate the price) You both keep what you earn equally, you don't sell the shares. This is the only option that is NOT a characteristic of a partnership. The rest of the options are. Partners share all responsibilities!

Sunny~ ☺

Partners sell each other shares.

Explanation:

Partners can only sell their own shares that they own.

They do share the other characteristics:

Partners share in the start up costs - If they do not share it, then whoever pays for it generally is the owner.

Partners share responsibilities - This can be more leniant, as some partners only provide funding, but they still share rest & restocking as well as other costs that arises when need be. Sometimes one partner may handle all the company problems while the other handle anything that has to do with the funding.

Partners are liable for all debts - This is false, as, if you remember, all loads are shared equally depending on the percentage of the company one owns. A partner is only liable for their share of the debt.

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