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प्रश्न
Which of the following is NOT merit of partnership?
विकल्प
Ease of formation
Scope for expansion
Uncertain life
Combined abilities and judgement
MCQ
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उत्तर
Uncertain life
Explanation:
“Uncertain life” is NOT a merit of partnership but a demerit. Partnership businesses suffer from instability because the insolvency, insanity, retirement, or death of a partner can cause the company to end abruptly. This uncertainty makes the partnership’s life unstable.
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