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Section 4 and 5 of Partnership Act Section4 DEFINITION OF "PARTNERSHIP", "PARTNER", "FIRM" AND "FIRM-NAME". "Partnership" is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all. Persons who have entered into partnership with one another are called individually, "partners" and collectively "a firm", and the name under which their business is carried on is called the "firm-name". Section5 PARTNERSHIP NOT CREATED BY STATUS. The relation of partnership arises from contract and not from status; and, in particular, the members of a Hindu undivided family carrying on a family business as such, or a Burmese Buddhist husband and wife carrying on business as such are not partners in such business.
If G – I + H, which of the following statement is true?
‘A # B’ means ‘A is the brother of B’
‘A @ B’ means ‘A is the daughter of B’.
‘A & B’ means ‘A is the husband of B�...
If expression C % E $ A @ B & O # F @ G is true, then which of the following expressions is definitely correct?
In expression ‘D & E $ F # G @ H & I $ J’ how is J related to F?
If 'X@Y' means 'X is married to Y', 'X#Y' means 'X is mother of Y', 'X$Y' means 'X is sister of Y', 'X%Y' means 'X is brother of Y. If 'L @ M # N @ O #...
Answer the following question based on the direction given below.
If 'A # B' means 'A is the father of B' 'A @ B' means 'A is the brother of B...
If A # B means A is brother of B, A $ B means A is husband of B, A % B means A is mother of B, A @ B means A is daughter of B, then which of the follow...
If R ÷ S + T + U, which of the following is true?
If 'A # B' means A is the brother of B, 'A $ B' means A is the mother of B, 'A % B' means A is the spouse of B, then which of the following expressions...
