State True or False. In a partnership organisation, the decisions are not taken by mutual consent of the partners.
True
False
False. In a partnership organisation, the decisions are taken by mutual consent of the partners.
State True or False. In a partnership organisation, the capital is contributed by a number of partners.
State True or False. The partners are not liable to repay any debt.
It is easy to fix responsibility in a formal organisation since mutual relations of the members are clearly defined. State true or false
The partnership comes to an end immediately, whenever a partner dies. State true or false.