Partnership Agreement and Liability Quiz

Having an agreement between two or more persons (correct)

Having a large amount of capital

Having a written partnership deed

Having a common business goal

Each partner is not liable for any acts of the firm

Each partner is jointly and severally liable with all other partners (correct)

Each partner is liable separately to the third party

Each partner is liable only for his own acts

Each partner is not involved in agency relationships

Each partner can never bind other partners by his acts

Each partner is the principal and agent for all other partners (correct)

Each partner is only an agent for the other partners

<p>To specify the accounting period of the firm</p> Signup and view all the answers

<p>Rate of interest on loan and drawings</p> Signup and view all the answers

<p>ബിസിനസ്സ് കരുതുന്ന ഒരു അഭിപ്രായം</p> Signup and view all the answers

<p>2</p> Signup and view all the answers