Partnership
Trending Questions
All the partners are equally ___________ for the repayment of all the debts
Jointly Liable
Both A & C
Not liable
Liable
State True or False.
A particular partnership does not dissolve automatically when the purpose is fulfilled.
True
False
A partnership is the best option to overcome various limitations of sole proprietorship in terms of capital employed, managerial skills etc.
False
True
State True or False. In a partnership organisation, the capital is contributed by a number of partners.
False
True
State True or False. In a partnership organisation, the decisions are not taken by mutual consent of the partners.
True
False
The government gives money to a company to build the roads for efficient and smooth transport. What kind of partnership is it?
Private Public Partnership
Public Private Partnership
Particular Private Partnership
None of the above
Two partners want to start a new firm so they issue a prospectus. Are they on the right track?
Yes, cause the partners need to form a prospectus.
Partners do require a prospectus to go ahead with the business.
No, cause partners do not need to form a prospectus.
None of the above
A partnership that is formed to create a certain objective or goal.
Particular Partnership
Limited Partnership
General Partnership
Partnership at Will
- False
- True
- True
- False