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Treating Manager as Partner

A partner is ...

Question

A partner is _______ so far his relationship with other partners is concerned.

A

Principle

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B

Officer in -default

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C

Manager

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D

Agent

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Solution

The correct option is A Principle
A partnership is a relationship between partners who agree to share the profits of the business. Therefore, if he acts for himself and in his own interest in the common concern of the partnership, then he is acting as a principal.

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