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  • Question 1
    1 / -0

    Every partner is bound to attend ______ to his duties in the conduct of the business.

  • Question 2
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    Partnership is an association of two or more individuals (but not more than 20) who agree to share the profits of a lawful business which is managed and carried on __________________.

  • Question 3
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    The fate of sole proprietorship is connected to the sole proprietor. What does this convey about the sole proprietorship?

  • Question 4
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    ____ is an association of 2 or more individuals but not more than 20 who agree to share the profits of a lawful business which is managed and carried on either by all or by any, or some of them acting for all.

  • Question 5
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    True test of partnership is ______________.

  • Question 6
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    Which of the following are grounds for compulsory dissolution of the firm by court?

  • Question 7
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    A new partner can be admitted in the firm with the consent of ___________________.

  • Question 8
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    To bind the firm under implied authority, the act must be done in the _____________.

  • Question 9
    1 / -0

    Which of the following is a kind of partial consolidation?

  • Question 10
    1 / -0

    What is the maximum number of partners permissible for a firm carrying on general business?

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