The correct answer is A. Perpetual succession.
A partnership is a business owned and operated by two or more people. Partnerships are not considered separate legal entities from their owners, so the partners are personally liable for the debts and obligations
of the partnership. Partnerships are created by an agreement between the partners, and they can be registered with the state, but registration is not required.Perpetual succession is the ability of a business to continue operating even after the death or withdrawal of one or more of its owners. This is not a feature of partnerships, as partnerships are dissolved when one or more of the partners dies or withdraws.
Unlimited liability is the personal liability of the partners for the debts and obligations of the partnership. This means that the partners are personally liable for the debts of the partnership, even if they have not contributed any money to the partnership.
Creation by an agreement is the process
by which a partnership is created. Partnerships are created by an agreement between the partners, which is called a partnership agreement. The partnership agreement sets out the terms of the partnership, such as the contributions of each partner, the division of profits and losses, and the management of the partnership.Voluntary registration is the process by which a partnership is registered with the state. Partnerships are not required to be registered, but registration can provide some benefits, such as limited liability for the partners.