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Abhay, Bhuvan and Chandan started a firm for manufacturing horticulture tools. Abhay and Bhuvan were participating in business activities whereas Chandan was not interested to be involved in day today activities, however contributed his share of capital. Dhruv, a friend of Abhay was in this line of business and had goodwill in the market. He allowed his name to be used for the promotion of business. Bhuvan wanted his minor son Erick, to be associated in the business. All the members gave consent to associate Bhuvan’s son in the business. (i) Who are the active partners in the business? (ii) State the nature of association of Chandan in the business. (iii) Is Erick (Bhuvan’s minor son) responsible for the liabilities of the Business? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Abhay, Bhuvan and Chandan started a firm for manufacturing horticulture tools. Abhay and Bhuvan were participating in business activities whereas Chandan was not interested to be involved in day today activities, however contributed his share of capital. Dhruv, a friend of Abhay was in this line of business and had goodwill in the market. He allowed his name to be used for the promotion of business. Bhuvan wanted his minor son Erick, to be associated in the business. All the members gave consent to associate Bhuvan’s son in the business. (i) Who are the active partners in the business? (ii) State the nature of association of Chandan in the business. (iii) Is Erick (Bhuvan’s minor son) responsible for the liabilities of the Business? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Abhay, Bhuvan and Chandan started a firm for manufacturing horticulture tools. Abhay and Bhuvan were participating in business activities whereas Chandan was not interested to be involved in day today activities, however contributed his share of capital. Dhruv, a friend of Abhay was in this line of business and had goodwill in the market. He allowed his name to be used for the promotion of business. Bhuvan wanted his minor son Erick, to be associated in the business. All the members gave consent to associate Bhuvan’s son in the business. (i) Who are the active partners in the business? (ii) State the nature of association of Chandan in the business. (iii) Is Erick (Bhuvan’s minor son) responsible for the liabilities of the Business?.

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Here you can find the meaning of Abhay, Bhuvan and Chandan started a firm for manufacturing horticulture tools. Abhay and Bhuvan were participating in business activities whereas Chandan was not interested to be involved in day today activities, however contributed his share of capital. Dhruv, a friend of Abhay was in this line of business and had goodwill in the market. He allowed his name to be used for the promotion of business. Bhuvan wanted his minor son Erick, to be associated in the business. All the members gave consent to associate Bhuvan’s son in the business. (i) Who are the active partners in the business? (ii) State the nature of association of Chandan in the business. (iii) Is Erick (Bhuvan’s minor son) responsible for the liabilities of the Business? defined & explained in the simplest way possible. Besides giving the explanation of Abhay, Bhuvan and Chandan started a firm for manufacturing horticulture tools. Abhay and Bhuvan were participating in business activities whereas Chandan was not interested to be involved in day today activities, however contributed his share of capital. Dhruv, a friend of Abhay was in this line of business and had goodwill in the market. He allowed his name to be used for the promotion of business. Bhuvan wanted his minor son Erick, to be associated in the business. All the members gave consent to associate Bhuvan’s son in the business. (i) Who are the active partners in the business? (ii) State the nature of association of Chandan in the business. (iii) Is Erick (Bhuvan’s minor son) responsible for the liabilities of the Business?, a detailed solution for Abhay, Bhuvan and Chandan started a firm for manufacturing horticulture tools. Abhay and Bhuvan were participating in business activities whereas Chandan was not interested to be involved in day today activities, however contributed his share of capital. Dhruv, a friend of Abhay was in this line of business and had goodwill in the market. He allowed his name to be used for the promotion of business. Bhuvan wanted his minor son Erick, to be associated in the business. All the members gave consent to associate Bhuvan’s son in the business. (i) Who are the active partners in the business? (ii) State the nature of association of Chandan in the business. (iii) Is Erick (Bhuvan’s minor son) responsible for the liabilities of the Business? has been provided alongside types of Abhay, Bhuvan and Chandan started a firm for manufacturing horticulture tools. Abhay and Bhuvan were participating in business activities whereas Chandan was not interested to be involved in day today activities, however contributed his share of capital. Dhruv, a friend of Abhay was in this line of business and had goodwill in the market. He allowed his name to be used for the promotion of business. Bhuvan wanted his minor son Erick, to be associated in the business. All the members gave consent to associate Bhuvan’s son in the business. (i) Who are the active partners in the business? (ii) State the nature of association of Chandan in the business. (iii) Is Erick (Bhuvan’s minor son) responsible for the liabilities of the Business? theory, EduRev gives you an ample number of questions to practice Abhay, Bhuvan and Chandan started a firm for manufacturing horticulture tools. Abhay and Bhuvan were participating in business activities whereas Chandan was not interested to be involved in day today activities, however contributed his share of capital. Dhruv, a friend of Abhay was in this line of business and had goodwill in the market. He allowed his name to be used for the promotion of business. Bhuvan wanted his minor son Erick, to be associated in the business. All the members gave consent to associate Bhuvan’s son in the business. (i) Who are the active partners in the business? (ii) State the nature of association of Chandan in the business. (iii) Is Erick (Bhuvan’s minor son) responsible for the liabilities of the Business? tests, examples and also practice Commerce tests.