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Raj and Ram, two friends buy hundred mobile sets agreeing to share the same between them. It is a :
- a)Co-ownership
- b)Partnership
- c)Joint venture
- d)Hindu undivided family business
Correct answer is option 'A'. Can you explain this answer?
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Raj and Ram, two friends buy hundred mobile sets agreeing to share the...
Co-ownership
Co-ownership means two or more people owning a property jointly. In this case, Raj and Ram have jointly bought hundred mobile sets. They have agreed to share the mobile sets between themselves.
Features of co-ownership:
- Joint ownership: Both Raj and Ram jointly own the mobile sets.
- Equal rights: Both Raj and Ram have equal rights over the mobile sets.
- Sharing of profits: Any profit earned from the mobile sets will be shared equally between Raj and Ram.
- Sharing of expenses: Any expenses incurred on the mobile sets will be shared equally between Raj and Ram.
Advantages of co-ownership:
- Shared responsibility: Both Raj and Ram share the responsibility of owning the mobile sets.
- Equal rights: Both Raj and Ram have equal rights over the mobile sets.
- Sharing of profits: Any profit earned from the mobile sets will be shared equally between Raj and Ram.
Disadvantages of co-ownership:
- Disagreements: There may be disagreements between Raj and Ram on how to use the mobile sets or how to share the profits.
- Limited scope: Co-ownership may be limited in scope as it is applicable only to jointly owned property.
Conclusion:
In this case, Raj and Ram have entered into a co-ownership agreement to jointly own hundred mobile sets. They will share the profits and expenses equally. Co-ownership is a good option when two or more people want to jointly own a property or asset.
Co-ownership means two or more people owning a property jointly. In this case, Raj and Ram have jointly bought hundred mobile sets. They have agreed to share the mobile sets between themselves.
Features of co-ownership:
- Joint ownership: Both Raj and Ram jointly own the mobile sets.
- Equal rights: Both Raj and Ram have equal rights over the mobile sets.
- Sharing of profits: Any profit earned from the mobile sets will be shared equally between Raj and Ram.
- Sharing of expenses: Any expenses incurred on the mobile sets will be shared equally between Raj and Ram.
Advantages of co-ownership:
- Shared responsibility: Both Raj and Ram share the responsibility of owning the mobile sets.
- Equal rights: Both Raj and Ram have equal rights over the mobile sets.
- Sharing of profits: Any profit earned from the mobile sets will be shared equally between Raj and Ram.
Disadvantages of co-ownership:
- Disagreements: There may be disagreements between Raj and Ram on how to use the mobile sets or how to share the profits.
- Limited scope: Co-ownership may be limited in scope as it is applicable only to jointly owned property.
Conclusion:
In this case, Raj and Ram have entered into a co-ownership agreement to jointly own hundred mobile sets. They will share the profits and expenses equally. Co-ownership is a good option when two or more people want to jointly own a property or asset.
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Raj and Ram, two friends buy hundred mobile sets agreeing to share the same between them. It is a :a)Co-ownershipb)Partnershipc)Joint ventured)Hindu undivided family businessCorrect answer is option 'A'. Can you explain this answer?
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Raj and Ram, two friends buy hundred mobile sets agreeing to share the same between them. It is a :a)Co-ownershipb)Partnershipc)Joint ventured)Hindu undivided family businessCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Raj and Ram, two friends buy hundred mobile sets agreeing to share the same between them. It is a :a)Co-ownershipb)Partnershipc)Joint ventured)Hindu undivided family businessCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Raj and Ram, two friends buy hundred mobile sets agreeing to share the same between them. It is a :a)Co-ownershipb)Partnershipc)Joint ventured)Hindu undivided family businessCorrect answer is option 'A'. Can you explain this answer?.
Raj and Ram, two friends buy hundred mobile sets agreeing to share the same between them. It is a :a)Co-ownershipb)Partnershipc)Joint ventured)Hindu undivided family businessCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Raj and Ram, two friends buy hundred mobile sets agreeing to share the same between them. It is a :a)Co-ownershipb)Partnershipc)Joint ventured)Hindu undivided family businessCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Raj and Ram, two friends buy hundred mobile sets agreeing to share the same between them. It is a :a)Co-ownershipb)Partnershipc)Joint ventured)Hindu undivided family businessCorrect answer is option 'A'. Can you explain this answer?.
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