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WhichONE of the following statementsregarding the legal personality of a partnership is INCORRECT?
Which
of the following statements
regarding the legal personality of a partnership is
In terms of theRules of Court, a partnership may sue or be sued in its business name.
In terms of the
Rules of Court, a partnership may sue or be sued in its business name.
A partnership is not a separate legal entity with aseparate legal personality.
A partnership is not a separate legal entity with a
separate legal personality.
For purposes of sequestration, a partnership is treated as an estatewhich is separate from those of its members.
For purposes of sequestration, a partnership is treated as an estate
which is separate from those of its members.
The joining of a new partner does not have any effect on an existingpartnership.
The joining of a new partner does not have any effect on an existing
partnership.
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