πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      Partnership is the relation between persons who have

      agreed to share _____________carried on by____.
      A Profits of business, all or any of them acting for all Correct Answer Incorrect Answer
      B Profits of business, designated partners. Correct Answer Incorrect Answer
      C Profits and losses, designated partners Correct Answer Incorrect Answer
      D Profits and losses, all or any of them acting for all. Correct Answer Incorrect Answer

      Solution

      Explanation: S. 4. 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.

      Practice Next
      More Corporate Law Questions
      ask-question