The correct answer is: A. legal entity.
A partnership is a business owned by two or more people. It is a legal entity, which means that it is separate from its owners. This means that the partnership can own property, enter into contracts, and sue and be sued.
A partnership is also an accountable entity, which means that it is responsible for its own debts and obligations. This means that the partners are not personally liable for the debts of the partnership.
Option B is incorrect because a partnership is not always a legal entity. In some jurisdictions, partnerships are not recognized as legal entities.
Option C is incorrect because a partnership is both an entity and an accountable entity.
Option D is incorrect because a partnership is a legal entity with legal status.