MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Bromination

A partner act...

Question

A partner acts as '________' for a firm.

A

Agent

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

Third Party

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Employee

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

None of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A Agent
Option A is the correct answer.

Suggest Corrections

thumbs-up

0

Similar questions

Q. A retiring partner is liable for all acts of the firm __________.

Q. A minor partner can be admitted into a firm as a partner for ____________.

Q. Under the Partnership Act, on which of these grounds a partner of a firm may sue for dissolution of the firm :

Q. A firm is not liable for the act of an insolvent partner ____________ .

Q. LEGAL PRINCIPLE: Every partner in a partnership firm is liable for the acts of every other partner during the course of business of the partnership firm.
FACTUAL SITUATION: A, a partner in the firm XYZ with another partner B takes loan from a bank for the partnership firm. A misuses the fund for his personal use. B is very resourceful person. Can the bank demand the entire money from B?
DECIDE.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Alkanes - Chemical Properties

CHEMISTRY

Watch in App

explore_more_icon

Explore more

Standard XII Chemistry

Join BYJU'S Learning Program

CrossIcon