Forms of Busine...

Which of the following act is within the implied authority?

N & Z are partners in a firm dealing in stationery. N placed order in the firm's name and on the firm's letter pad for $$10$$ bags of wheat to be supplied at his residence _______________.

Who can give Public Notice of retirement of partner?

Firm may be dissolved :
A. With the consent of all the partners.
B. In accordance with the contract between them.
Select the correct the answer from the options given.

Nitin, a partner of a firm dealing in computers gives an order for win worth Rs. $$10,000$$ in firm's name. Discuss the liability?

_____________ are formed by small producers and manufacturers who find it difficult to sell their products individually.

The co-operative society follows the principles of "_____________" . 

Which of the following sentence in relation to "Cooperative Societies" are correct?
(1) There should be minimum of 20 members to for cooperative society but there is no maximum limit for the membership.
(2) According to Indian Cooperative Societies Act,1912,each society must transfer at least one-third of its profits to general reserve.
(3) Cooperative Societies may distribute maximum up to 90 per cent of its surplus as dividend to its members and can spent another 10 per cent for the welfare of the members.

Persons who have entered into partnership with one another are individually known as.

The number of partners in firm carrying an banking business should not exceed  ________.