Question

Guarantee given to partner ‘L’ by the other partners ‘M’ & ‘N’ means :

• A. In case of loss ‘L’ will not bear that loss.
• B. In case of insufficient profits ‘L’ will get minimum guaranteed amount.
• C. In case of loss or insufficient profits ‘L’ will get the minimum guaranteed amount.
• D. All of the above

Answer 1

The correct option is D All of the above

In case of loss ‘L’ will not bear that loss.