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Meera, a partner in a firm, withdraws her share of capital without informing the other partners, resulting in financial strain on the firm. Which feature of partnership prevents such actions? - Commercial Applications

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Question

Meera, a partner in a firm, withdraws her share of capital without informing the other partners, resulting in financial strain on the firm. Which feature of partnership prevents such actions?

Options

  • Mutual consent among partners.

  • Written agreement.

  • Sharing of profits and losses.

  • Unlimited liability.

MCQ
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Solution

Mutual consent among partners.

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Chapter 3: Ownership Structures - Partnership - EXERCISES [Page 40]

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C. B. Gupta Commercial Applications [English] Class 9 ICSE
Chapter 3 Ownership Structures - Partnership
EXERCISES | Q I. 21. | Page 40
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