Forms of Busine...

The right choice of the form of the business depends upon ___________.
(I) Nature of business
(II) Volume of business
(III) Area of operation

HUF is governed by __________.

Registration of partnership is not compulsory but registration of company is __________.

A co-parcener __________ ask for accounts.

Every partner is personally liable for the debts of the firm; in a joint family business only __________ is personally liable.

A minor is a member of a joint family firm from the _________ by virtue of his status, but he is not personally liable.

To whom the property of the firm belongs?

Identify which sentence is correct and which is incorrect.
A. A sub-partner can bind the firm or other partners by his acts.
B. Sub-partner has rights or duties towards the firm and does carry liability for the dents of the firm.
C. Minor partner is entitled to his agreed share
D. Minor can inspect books of account of the firm.
Select the correct answer from the options given.

A change in the nature of the business can only be brought about by the consent of __________.

Property of the firm shall be held by use of the partners __________________.