Advertisements
Advertisements
Question
Answer in one sentence.
What do you mean by minor partner?
Solution
A minor partner is a partner who is admitted into the partnership firm for the benefit of the firm with the consent of all partners.
APPEARS IN
RELATED QUESTIONS
State True or False:
Partnership agreement may be oral or written.
State True or False:
In a partnership firm, the liability of every partner is limited, joint and several.
Complete the sentence.
When there is no provision in partnership agreement regarding time period for partnership then it is known as _____________.
Answer in one sentence.
What do you mean by partnership firm?
Answer in one sentence.
What do you mean by partner-in-profits only?
Answer in one sentence.
What do you mean by a general partnership?
Correct the underlined word and rewrite the following sentence.
In a Partnership firm, minimum three members are required.
Correct the underlined word and rewrite the following sentence.
Indian Partnership Act, 1940 is applicable in India.
Justify the following statement.
Active partners take active part in day to day management of partnership firm.
Attempt the following:
Explain different types of Partners.
Answer in one sentence.
What is Quasi Partner?
Answer in one sentence.
What is Quasi Partner?
Answer in one sentence:
What is Quasi Partner?
Answer in one sentence.
What is Quasi Partner?
Answer in one sentence.
What is Quasi Partner?
Answer in one sentence.
What is Quasi Partner?
Answer in one sentence.
What is Quasi Partner?
