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:

• A. (A) and (B) only
• B. (A), (B) and (E) only
• C. (A) only
• D. (B), (C) and (D) only

Answer 1

The Correct Option is A

The correct answer is option (A) :

(A) and (B) only