Steps involved ...

Which of the following purpose is permissible in a partnership?

The Loss arising out of Partners insolvency shall be borne by_________ according to Garner vs Murray case.

Where the continuing partners carry on the business of the firm, the outgoing partner whose claim is not settled.
X. is entitled to share of profits since date of cessation as partner.
Y. is not entitled to claim anything other than unsettled amount
Z. is entitled to $$6\%$$ interest p.a. on the unsettled amount.
Select the correct answer from the options given.

Persons who  have entered into partnership with one another are collectively called ____________.

Where a Partner's Capital Account has a debit balance and he is unable to bring in necessary cash to make up the deficiency, it is called ________.

Any change in the relations of partners due to admission, retirement or death of partner is called _______________.

Loss arising out of Partners' insolvency shall be made up by ___________.

Each member of firm is individually known as ________________.

Mission and Vision statements are NOT commonly used to__________.

In which of the following case, the Court may, at the suit of a partner, dissolve a firm?