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1 Which of the following statements is true?
A. The directors of a company are liable for any losses of the company
B. A sole trader business is owned by shareholders and operated by the proprietor
C. Partners are liable for losses in a partnership in proportion to their profit share ratio
D. A company is run by directors on behalf of its members
answer is D but my question is why option C is wrong?
It depends what is in the partnership agreement.