English

Give the meaning of 'Mutual Agency' as characteristic of a partnership form of business organisation. - Entrepreneurship

Advertisements
Advertisements

Question

Give the meaning of 'Mutual Agency' as characteristic of a partnership form of business organisation.

One Line Answer

Solution

All of the partners may conduct the partnership's business, or any one of them may do so on behalf of the others. As a result, each partner acts as both the firm's and other partners' principal and agent.

shaalaa.com
  Is there an error in this question or solution?
2022-2023 (March) Set 4

APPEARS IN

Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×