Question:
A person can acquire interest in partnership firm on the basis of
A person can acquire interest in partnership firm on the basis of
Updated On: Jan 13, 2026
- Agreement
- Unlimited liability
- Close friendship
- Family relationship
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The Correct Option is A
Solution and Explanation
In a partnership firm, an agreement between partners outlines the terms, conditions, and roles of each partner. This agreement is the foundation of the partnership and is essential for acquiring interest in the firm.
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