Question

Select the proper option from the options given below and rewrite the completed sentences.

In a partnership firm every partner is the principal as well as the ________.
(a) agent
(b) karta
(c) partner

Answer 1

Correct option- a
In a partnership firm every partner is the principal as well as the agent.
Explanation:
In a partnership firm, every partner is the principal as well as the agent. It means that any partner can enter into a contract with other firms by himself (as the principal), without discussing it with other partners (acting as an agent on behalf of others).