Question:
‘The business of a partnership firm may be carried on by all the partners or any of them acting for all.’
The above statement highlights which of the following feature of partnership?
‘The business of a partnership firm may be carried on by all the partners or any of them acting for all.’
The above statement highlights which of the following feature of partnership?
The above statement highlights which of the following feature of partnership?
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Mutual agency means each partner can bind the firm and the other partners by his acts.
Updated On: Jul 7, 2025
- Agreement
- Business
- Sharing of profit
- Mutual agency
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Verified By Collegedunia
The Correct Option is D
Solution and Explanation
The key phrase in the statement — "acting for all" — refers to mutual agency. It implies each partner is an agent of the firm and other partners. This is a core characteristic of partnerships.
Final Answer: Mutual agency
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