Final answer:
Transferability is difficult in a partnership because partners are responsible for each other's actions and debts. When one partner leaves or dies, the partnership is no longer valid and may undergo changes.
Step-by-step explanation:
In a partnership, transferability is difficult compared to a corporation due to the limitations and obligations that partners have. In a partnership, each partner is responsible for each other's actions and debts, which can make it challenging to transfer ownership. When one partner leaves or dies, the partnership is no longer valid, and the business may undergo changes with the addition of new partners.