This discussion on X agrees with Y to carry passengers by taxi from Delhi to Gurgaon on the following terms, namely, Y is to pay X Rs. 100 per mile per annum, and X and Y are to share the costs of repairing and replacement of the cars, and to divide equally between them the proceeds of fares received from passengers. Choose the correct alternative.a)X and Y are partnersb)X and Y are cab ownersc)X and Y are co-ownersd)None of the aboveCorrect answer is option 'A'. Can you explain this answer? is done on EduRev Study Group by CA Foundation Students. The Questions and
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X agrees with Y to carry passengers by taxi from Delhi to Gurgaon on the following terms, namely, Y is to pay X Rs. 100 per mile per annum, and X and Y are to share the costs of repairing and replacement of the cars, and to divide equally between them the proceeds of fares received from passengers. Choose the correct alternative.a)X and Y are partnersb)X and Y are cab ownersc)X and Y are co-ownersd)None of the aboveCorrect answer is option 'A'. Can you explain this answer? over here on EduRev! Apart from being the largest CA Foundation community, EduRev has the largest solved
Question bank for CA Foundation.