Three (3) of the following are similarities between a partnership and a corporation.

Which is not? (Phil CPA, 88-2)

Like a partnership a corporation can act only through agents.Correct!

The individual composing both have little voice in the conduct of the business.

Both are organizations composed of an aggregate of individuals.

Both have juridical personality separate and distinct from that of the individuals
composing them.

The following, except one, are common characteristics of partnership and

corporation. Which is the exception? (Phil CPA, 97-2)orrect!

the individuals composing both organizations have little voice in the conduct of
the business.

both have juridical personality separate and distinct from that of individuals composing
it.

both are business organizations composed of a number of individuals.

both can act only through agents.

Partnership as distinguished from co-ownership: (Phil CPA, 94-1)

Created not only agreement of the parties but also by law.

It has juridical personality.

Profits are divided in proportion to one’s interest.ou Answered

Purpose is to make profits.