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The relationship of P and Q is that of:
  • a)
    Co-owners.
  • b)
    Co-venturers.
  • c)
    Partners, because they agree to share profits.
  • d)
    Not partners, because the firm is unregistered.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
The relationship of P and Q is that of:a)Co-owners.b)Co-venturers.c)Pa...
Relationship of P and Q:
- The relationship between P and Q is that of partners because they agree to share profits.
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The relationship of P and Q is that of:a)Co-owners.b)Co-venturers.c)Partners, because they agree to share profits.d)Not partners, because the firm is unregistered.Correct answer is option 'C'. Can you explain this answer?
Question Description
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