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Question
Where a partnership firm is formed for a particular undertaking or undertakings, it proceeds to carry on other undertaking or undertakings, in that event the mutual ________ of the partners in respect of the other adventures or undertakings are the same as those in respect of the original adventures of undertakings.
Where a partnership firm is formed for a particular undertaking or undertakings, it proceeds to carry on other undertaking or undertakings, in that event the mutual ________ of the partners in respect of the other adventures or undertakings are the same as those in respect of the original adventures of undertakings.
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Solution
The correct option is C Rights and duties
A partnership basically refers to the contract
between two or more people who have agreed to carry on certain business in
order to achieve common goals. So if the partnership is started for a specific undertaking, then it is the rights and duties of all the partners to carry on that undertaking with respect to all the other relevant undertakings.
A partnership basically refers to the contract between two or more people who have agreed to carry on certain business in order to achieve common goals. So if the partnership is started for a specific undertaking, then it is the rights and duties of all the partners to carry on that undertaking with respect to all the other relevant undertakings.
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