Question
Business Studies Question on Business Environment
Which of the following statement is incorrect?
A
The partnership comes into existence only by an agreement
B
A person who receives the profile is always partner
C
The true test of partnership is the mutual agency i.e, agency relationship among partners
D
A person who receives the profits is not necessarily a partner
Answer
A person who receives the profile is always partner
Explanation
Solution
The correct option is B) A person who receives the profile is always partner