हिंदी

Which of the following statement is incorrect? (a) Each partner is liable to an unlimited extent for the firm’s obligations towards outsiders. - Commercial Applications

Advertisements
Advertisements

प्रश्न

Which of the following statement is incorrect?

विकल्प

  • Each partner is liable to an unlimited extent for the firm’s obligations towards outsiders.

  • A partnership can be formed only for the purpose of carrying on a business.

  • Each partner is liable for acts performed by other partners on behalf of the firm.

  • An association of persons who jointly own a house without carrying on a business can be considered as partnership.

MCQ
Advertisements

उत्तर

An association of persons who jointly own a house without carrying on a business can be considered as partnership.

Explanation:

  • Partnership involves an agreement between two or more persons to carry on some lawful business and share its profits. Ownership alone without business activity does not constitute a partnership.
  • Each partner is liable to an unlimited extent for the firm’s obligations towards outsiders.
  • Partnerships can only be formed for carrying on a lawful business.
  • Each partner is liable for acts performed by other partners on behalf of the firm.
shaalaa.com
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 3: Ownership Structures - Partnership - EXERCISES [पृष्ठ ३९]

APPEARS IN

सी. बी. गुप्ता Commercial Applications [English] Class 9 ICSE
अध्याय 3 Ownership Structures - Partnership
EXERCISES | Q I. 4. | पृष्ठ ३९
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×