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Business Studies

Types of Partners , Partnership and Companies

A person want...

Question

A person wants to be a partner in a partnership. Already there are 50 partners in the firm. Is it possible for him to be a part of the firm?

A

Yes, he can be a partner in the firm.

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B

No, he can not be a partner in the firm.

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Solution

The correct option is B
No, he can not be a partner in the firm.

No, the maximum number of partners in a partnership firm is 50. He won't be able to be a part of the firm.

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, a partnership firm, does not have a Partnership Deed. The firm wants to pay remuneration to the partners. How can it do so?

Q. In a partnership firm one partner is solvent and rest all partner becomes insolvent. What will be the effect on partnership firm?

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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.
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