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State with Reasons Whether the Following Statement True Or False. in a Partnership the Liability of Every Partner of a Firm is Unlimited. - Organisation of Commerce and Management

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प्रश्न

State with reasons whether the following statement true or false.

In a partnership the liability of every partner of a firm is unlimited.

विकल्प

  • True 

  • False 

MCQ
सत्य या असत्य
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उत्तर

In a partnership the liability of every partner of a firm is unlimited : True
Explanation: The liability of every partner in a partnership firm is unlimited. This implies that the personal property of each partner can be used for paying business debts if the assets of the business are not sufficient to pay them off.

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अध्याय 1: Forms of Business Organisations - True or false [पृष्ठ ३९]

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मायकल वाझ Organisation of Commerce and Management (OCM) [English] 12 Standard HSC Maharashtra State Board
अध्याय 1 Forms of Business Organisations
True or false | Q 13 | पृष्ठ ३९

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