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Sharing of profit is ________ evidence of existence of partnership.
A public company can have a maximum of _________member.
A partnership deed usually contain the particulars relating to
In case of emergency a partner of the firm can act as.
The partnership firm having banking business becomes an illegal association when the number of partners in the firm Exceeds ______.
A finder of lost goods can realise the goods if true owner cannot be found with ______.
Mutual agency under the Indian Partnership Act, 1932 means
When a person holds himself out as a partner, but he is actually not, which type of partner is he?
Under the Indian Partnership Act, 1932, in the absence of an agreement among the partners, profits of a firm shall be divided in the ratio of :
A partner who does no contribute capital in the firm and does not participate actively in the working of the business of the firm but allows the firm to use his name along with goodwill is called:
Where no provision is made by contract between partner’s for the determination of duration of their partnership, then it is called __________.
A partnership firm does not have the characteristic of:
In case of partnership maximum number of members of banking company are:
Which of the following is not a kind of partner:
Each partner in a partnership firm is in the position of
To constitute a partnership agreement, it:
A person when himself told that he is a partner of the firm, then he is a:
A partnership for which no duration is fixed is known as------.
Which of these statements is not true with respect to a Joint Hindu Family Business?
Correct Answer :- a
Explanation : There are two systems of the HUF, namely Dayabhaga System: Here both male and female members will be coparceners in the Hindu Undivided Family Mitakshara System: Here only the male family members are admitted into the HUF, the female members have no share.
When a minor attains majority, from which date is he deemed to be a partner with unlimited liability?
A partnership firm cannot exceed the maximum number on other than banking business:
Which of these can be admitted as a partner?
The maximum numbers of partners is mentioned
A and B to divide the profits of a business equally but the loss, if any is to be borne by A Alone. The partnership agreement is-------.
The person who represents himself as a partner in a partnership firm is called ______.
A and B purchased a second hand car, get it renovated for selling and shared the proceeds equally. They are: