Tag: types of partners and partnership firms
Questions Related to types of partners and partnership firms
Dinesh becomes a partner in the firm by agreement but never takes active part in the conduct of the business of the firm, in this situation he is known as a ________.
Which of the following statements is true?
Balu, Lalu and Kalu are partners in a firm. They admit Malu as a minor partner to the benefit of partnership. Within 6 months of his attaining majority, he fails to give a public notice of his intention that he has become a fullfledged partner. On the other hand all other partners refuse to take him as a partner. In this case, which of the following statement is correct ?
A minor has some rights against his estate diving the age in which he is minor they are ___________.
Following persons can not be called partners ____________________.
At the time when a new partner enters, goodwill __________________.
A _________ partner is like an disclosed principal.
A sub-partner is a person ____________.
XYZ partnership firm is a partnership firm between A and B. C posed that he is a partner in XYZ and earned profits from the market. C will be regarded as ______________.
Minor may be admitted in the firm for ________.