Why were partnerships formed in the late medieval period?

A) Partnerships were formed to avoid bankruptcy in the event of a defaulted transaction.
B) Large-scale financial businesses required a pooling of capital and managerial talents, therefore, merchants or family members often formed partnerships to accommodate this.
C) Partnerships were formed to create a monopoly and control over various trading ports in Europe.
D) Partnerships were formed out of arranged marriages for the purposes of conducting international business.
E) Large-scale businesses involved in international trade required a contact at the other end, thus, partnerships were formed.


B

History

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History