10 Questions
What are individuals called who have entered into partnership with one another?
Partners
What is the collective term used for individuals in a partnership?
A firm
What is the name under which the business carried on by partners is called?
Firm name
How can it be determined whether a group of persons are in a partnership or not?
By looking into its features or characteristics
What is an individual called who has entered into partnership?
Partner
What is the term for the business name under which partners operate?
Firm name
What is the name given to the collective group of individuals in a partnership?
A firm
How can one determine if a group of individuals are in a partnership?
By examining its features or characteristics
What term is used for the business name under which partners conduct their operations?
Firm name
What is the term used to describe the collective group of partners in a partnership?
A firm
Learn about different types of partnerships in business law, including partnership at will and particular partnership. Explore how partnerships are structured when no specific provisions are made in the contract.
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