Question
Entrepreneurship Question on Business and Economy
Partnership is a relationship between persons who have agreed to share profits of a business.
(A) Carried on by all
(B)Any of them acting for all
(C) Carried on by a partner only
(D) Carried on by all partners all the time
(E) Carried on by the nominated partner
Choose the correct answer from the options given below:
A
(A) and (B) only
B
(A), (B) and (E) only
C
(A) only
D
(B), (C) and (D) only
Answer
(A) and (B) only
Explanation
Solution
The correct answer is option (A) :
(A) and (B) only