Which one of the following statements is true regarding a partnership? a. The enterprise has a lack of continuity in that a new enterprise will be formed when the previous one is disbanded. b. A founding statement and a Memorandum of Incorpora

The correct statement regarding a partnership is: **a. The enterprise has a lack of continuity in that a new enterprise will be formed when the previous one is disbanded.** Partnerships do not have a legal personality separate from their members, and the dissolution of a partnership typically leads to the formation of a new partnership if the remaining members choose to continue the business. The other options are characteristics of different types of business entities, such as corporations or limited liability companies, rather than partnerships.