The partners take decisions on the basis of majority in:

Related MCQs

• The partners authority to act for the firm and to bind their co-partners continues even after the dissolution of the firm:
• A partner may not be expelled from the firm by any majority of partners unless:
• For ordinary business matters the decisions in the firm are taken on the basis of :
• A leaves a firm doing a particular business in Mumbai. He agrees with the other partners of the firm not to start a similar business as that of the firm in and around Mumbai for 3 years. This agreement is
• X leaves a firm doing a particular business in Delhi. He agrees with other partners of the firm not to start a similar business as that of the firm in Delhi for 2 yea` This agreement is
• The ceiling on maximum number of partners in a firm is laid down in:
• The principle of……….is applicable to partners in a partnership:
• Where the maximum number of partners in a firm carrying on banking business exceeds ten and in any other firm exceeds twenty, then the partnership becomes a:
• In case of an unregistered firm the partners can file a suit for the:
• Partners are bound to carry on the business of the firm —