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

Upon dissolution, which is the proper order for application of the Firm's assets?
I. Payment of partners loan
II. In paying the debts of the firm to third parties
III. Distribution of surplus to partners in profit sharing ratio
IV. Payment of partners capital
Select the correct answer from the options given.

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

If two or more persons have made a joint promise, they are known as.

Matrix organization combines ________________

Which of the following statement is not correct in relation to 'Franchise'?

Which of the following is/are disabilities of unregistered firm?

After dissolution of firm, any partner or his representative may restrain any other partner or his representative from carrying of similar business in the Firm Name or by using Firm's property for own benefit until _______________.

In which of the following case Garner Vs Murray rule is NOT applicable?
$$1$$. Only one partner is solvent.
$$2$$. All partners are insolvent.
$$3$$. When partnership deed provides a specific method to be followed in case of insolvency of a partner
Select the correct answer from the options given.

Sole traders operate mostly on a small-scale basis and their number is large. Identify the particular advantages.