Question

Business of the firm must be carried on by _______.

• A. majority of the partner only
• B. all the partners
• C. one of the partners only
• D. senior partners only
• E. none of these

Answer 1

Answer: (E)

none of these

A partnership firm has several partners running a business. It is not mandatory that all partners must take part in business or a majority of partner run the firm.

Only a single partner doesn't have to look after the business or any senior partner is not liable for business.

It is a combination of either a single partner or all the partners run the partnership firm and it is the mutual decision of all the partners.