Question
Which of the following section of The Partnership act,
1932 defines 'business' ?Solution
Sec2(a) an âact of a firmâ means any act or omission by all the partners, or by any partner or agent of the firm which gives rise to a right enforceable by or against the firm; Sec2(b) âbusinessâ includes every trade, occupation and profession; Sec2(c) âprescribedâ means prescribed by rules made under this Act; Sec2(d) âthird partyâ, used in relation to a firm or to a partner therein, means any person who is not a partner in the firm Â
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