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Admission of New Partner

The persons w...

Question

The persons who have entered into a partnership are collectively called ___________.

A

Partners

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B

Firm

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C

Co-ventures

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D

Co-owners

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Solution

The correct option is B Partners
There should be at least two persons coming together to form the partnership for a common goal. In other words, the minimum number of partners in a partnership firm can be two.

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