Few candidates who attempted this question performed averagely well in this question.
However some vital points were missing from the answers of most candidates. Some of
the expected answers include:
    (a)       Benefits to a Sole Trader
               (i)         Better decision making
               (ii)        Possibility of more profit
               (iii)       Greater degree of continuity etc
    (b)       Losses to Sole Trader
               (i)         The death of a general partner may collapse the business
               (ii)        Disagreement among members can affect the smooth running of the business.
                (iii)       Actions of a partner is binding on the firm. Therefore misconduct of an unscrupulous                              partner may ruin the business.