Question
What is the liability of partners in a general
partnership under the Partnership Act?Solution
Explanation: In a general partnership, partners have unlimited liability. This means that each partner is personally liable for all the debts and obligations of the firm, even if they were incurred by another partner.
According to the EY Entrepreneur of the Year Award 2025, who received the top honour of Entrepreneur of the Year?
Union Minister Dharmendra Pradhan inaugurated India’s first integrated Carbon Capture, Utilisation and Storage field laboratory facility at which inst...
Confederate of Indian Industry (CII) has co-organized the Digital Health Summit 2023 with Union Ministry of Health & Family Welfare with the objective o...
What percentage of candidates trained under the Samarth scheme are women?
 Which focus area is emphasized in the ITF Transport Outlook 2023?
Which multinational fast-moving consumer goods (FMCG) enterprise entered into a strategic three-year Memorandum of Understanding (MoU) with Invest UP (t...
The Ministry of Electronics and Information Technology of the Republic of India has signed an MoU with which country on cooperation in the field of shar...
The Insurance Regulatory and Development Authority of India (Irdai) has eliminated the need for caseby-case approval for insurer investments in Infrastr...
Which of the following statements about the first U . S .- Japan - Philippines trilateral summit is correct?
The Asian Development Bank (ADB) has approved a $200 million loan to strengthen flood and riverbank erosion risk management along the 650 kilometers (km...
