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Questions and Answers
What is the main foundation of a partnership business?
What is the main foundation of a partnership business?
- Profit sharing
- Consensus of opinion
- Relationship (correct)
- Legal contract
In legal terms, the promise to maintain a relationship is known as:
In legal terms, the promise to maintain a relationship is known as:
- Opinion
- Belief
- Consensus
- Commitment (correct)
How many members are required to form a partnership business?
How many members are required to form a partnership business?
- At least 3 members
- At least 5 members
- Exactly 2 members (correct)
- At most 100 members
What does the Indian Partnership Act, 1932 define as partnership?
What does the Indian Partnership Act, 1932 define as partnership?
What causes the end of an organization based on a relationship?
What causes the end of an organization based on a relationship?
What is the basis of a partnership organization as described in the text?
What is the basis of a partnership organization as described in the text?
What is the legal term for the promise to maintain a relationship?
What is the legal term for the promise to maintain a relationship?
According to the Indian Partnership Act, 1932, what is the minimum number of members required to form a partnership business?
According to the Indian Partnership Act, 1932, what is the minimum number of members required to form a partnership business?
What causes the end of a partnership organization according to the text?
What causes the end of a partnership organization according to the text?
What is the foundation of a partnership business as per the text?
What is the foundation of a partnership business as per the text?
What is the legal term for the promise to maintain a relationship?
What is the legal term for the promise to maintain a relationship?
What is the main foundation of a partnership business?
What is the main foundation of a partnership business?
According to the Indian Partnership Act, 1932, what is the minimum number of members required to form a partnership business?
According to the Indian Partnership Act, 1932, what is the minimum number of members required to form a partnership business?
What causes the end of an organization based on a relationship?
What causes the end of an organization based on a relationship?
What does the Indian Partnership Act, 1932 define as partnership?
What does the Indian Partnership Act, 1932 define as partnership?
