Partnership is the relation between persons who have

Q: Answer-Partnership is the relation between persons who have agreed to share _____________carried on by____.

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.

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.

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