Question

Following are the condition needed to prove an act of a partner is an act of a partnership firm _______________________.

• A. Such an act be done in a ordinary course of a partnership firm
• B. It must be related to the business of the firm
• C. Act must have been done in the name and on behalf of the firm
• D. All of the above

Answer 1

The correct option is D All of the above

The partnership is a legal form of business between two or more individuals who share management and profits and entered into an agreement. All members share both profits and liabilities equally and the individuals are personally responsible for the debts of the partnership and an act must have been done in the name and on behalf of the firm

Thus the correct answer is D.