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Which of the following statements regarding partnership is incorrect? - Commercial Applications

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प्रश्न

Which of the following statements regarding partnership is incorrect?

विकल्प

  • Secrets are known to partners.

  • Coordination between partners is not required.

  • Ownership is shared by partners.

  • Agreement is essential.

MCQ
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उत्तर

Coordination between partners is not required.

Explanation:

Partnership is an agreement between two or more persons to carry on a lawful business and share its profits. It requires mutual trust, cooperation, and coordination among partners to function effectively. Coordination is essential for smooth operation and decision-making in the partnership.

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अध्याय 3: Ownership Structures - Partnership - EXERCISES [पृष्ठ ३९]

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सी. बी. गुप्ता Commercial Applications [English] Class 9 ICSE
अध्याय 3 Ownership Structures - Partnership
EXERCISES | Q I. 5. | पृष्ठ ३९
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