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A, a contractor, appointed B to manage his entire work. It was agreed that B would receive 50% of the profits as his remuneration and would bear all the losses, if any. Here, B is A: A’s partner B: A’s agent C: Sole proprietor D: None of these?
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A, a contractor, appointed B to manage his entire work. It was agreed ...
Here B and A both are partners. As b is sharing profits and losses with A
Answer is A : A's Partner
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A, a contractor, appointed B to manage his entire work. It was agreed ...
Introduction:
In this scenario, A, a contractor, has appointed B to manage his entire work. The agreement states that B will receive 50% of the profits as his remuneration and will bear all the losses, if any. To determine the role of B in this situation, let's examine the options provided.

The Options:
A: A's partner
B: A's agent
C: Sole proprietor
D: None of these

Analysis:
To determine the correct option, we need to understand the legal relationship between A and B based on the given information.

1. A's Partner:
A partnership involves a legal relationship where two or more individuals carry on a business together and share its profits and losses. In this scenario, B is not presented as a partner of A but rather as someone appointed to manage A's work. Therefore, B cannot be classified as A's partner.

2. A's Agent:
An agent is a person who acts on behalf of another (the principal) and has the authority to make legal decisions and enter into agreements on the principal's behalf. In this case, B is appointed by A to manage his work, indicating an agency relationship. B acts as A's representative and makes decisions regarding the work. Therefore, B can be classified as A's agent.

3. Sole Proprietor:
A sole proprietor is an individual who owns and operates a business alone, assuming all profits and losses. In this scenario, A appoints B to manage his work, indicating that A is the sole proprietor. B is not the owner of the business but rather the manager, so B cannot be classified as a sole proprietor.

Conclusion:
Based on the analysis, the correct option is B: A's agent. B acts as A's representative and manages the work on A's behalf. B receives remuneration based on a percentage of the profits and bears all the losses, making B an agent rather than a partner or sole proprietor.
Community Answer
A, a contractor, appointed B to manage his entire work. It was agreed ...
C
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A, a contractor, appointed B to manage his entire work. It was agreed that B would receive 50% of the profits as his remuneration and would bear all the losses, if any. Here, B is A: A’s partner B: A’s agent C: Sole proprietor D: None of these?
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A, a contractor, appointed B to manage his entire work. It was agreed that B would receive 50% of the profits as his remuneration and would bear all the losses, if any. Here, B is A: A’s partner B: A’s agent C: Sole proprietor D: None of these? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about A, a contractor, appointed B to manage his entire work. It was agreed that B would receive 50% of the profits as his remuneration and would bear all the losses, if any. Here, B is A: A’s partner B: A’s agent C: Sole proprietor D: None of these? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A, a contractor, appointed B to manage his entire work. It was agreed that B would receive 50% of the profits as his remuneration and would bear all the losses, if any. Here, B is A: A’s partner B: A’s agent C: Sole proprietor D: None of these?.
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