Advertisements
Advertisements
Question
State True or False:
In a partnership firm, the liability of every partner is limited, joint and several.
Options
True
False
Solution
False
APPEARS IN
RELATED QUESTIONS
State True or False:
Partnership agreement may be oral or written.
Complete the sentence.
Admission of new individual into existing business has given birth to _____________
Complete the sentence.
A partner who takes active participation in the day to day working of the business is known as _____________
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 minor partner?
Correct the underlined word and rewrite the following sentence.
Indian Partnership Act, 1940 is applicable in India.
Explain the following term/concept:
Partnership Firm.
Study the following case situation and express your opinion:
Mr. Jumbo a Chartered Accountant by profession and Mrs. Timbo, an Architect by professing running a firm namely ‘Buildsheet’ in Nagpur.
- Identify a business in the above example.
- Comment on it?
- Which two professions are mentioned here?
Distinguish between.
Partnership Firm and Joint Hindi Family.
Justify the following statement.
All partners are joint owners of the 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 sentences.
What is Quasi Partner?
What is Quasi partner?
Answer in one sentence.
What is Quasi Partner?
Answer in one sentence.
What is Quasi Partner?
