Question:

Partnership is a relationship between persons who have agreed to share profits of a business.
(A) Carried on by all
(B)Any of them acting for all
(C) Carried on by a partner only
(D) Carried on by all partners all the time
(E) Carried on by the nominated partner
Choose the correct answer from the options given below:

Updated On: Apr 26, 2024
  • (A) and (B) only
  • (A), (B) and (E) only
  • (A) only
  • (B), (C) and (D) only
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The Correct Option is A

Solution and Explanation

The correct answer is option (A) :
(A) and (B) only
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