Q16. Identify the essential features of partnership.
(A) Agreement between persons
(B) Partners shou

Q: What is the correct answer for CUET UG Business Law Q16?

The correct answer is B. The essential features of a partnership are: A. Agreement between persons: Partnership is formed through a mutual agreement or contract between two or more individuals who agree to carry on a business together. B. Partners should carry some Business: Partnerships are formed with the intention of carrying on a business activity. Each partner is actively involved in the business operations. D. Shari

Q: Q16. Identify the essential features of partnership. (A) Agreement between persons (B) Partners should carry some Business (C) No restriction on the number of partners (D) Sharing of profits/losses…

The correct answer is B. The essential features of a partnership are: A. Agreement between persons: Partnership is formed through a mutual agreement or contract between two or more individuals who agree to carry on a business together. B. Partners should carry some Business: Partnerships are formed with the intention of carrying on a business activity. Each partner is actively involved in the business operations. D. Shari

Q: What are the options for this CUET UG Business Law question?

A. (A), (C) and (E) only · B. (A), (B) and (D) only · C. (A), (C) and (D) only · D. (A), (B) and (C) only

Question

Q16. Identify the essential features of partnership.
(A) Agreement between persons
(B) Partners should carry some Business
(C) No restriction on the number of partners
(D) Sharing of profits/losses in agreed ratio between partners
(E) No. of partners is restricted by partnership Act-1932
Choose the correct answer from the options given below:

FirstInTest · Accepted Answer

The essential features of a partnership are: A. Agreement between persons: Partnership is formed through a mutual agreement or contract between two or more individuals who agree to carry on a business together. B. Partners should carry some Business: Partnerships are formed with the intention of carrying on a business activity. Each partner is actively involved in the business operations. D. Sharing of profits/losses in agreed ratio between partners: In a partnership, the partners agree on how the profits and losses of the business will be shared among them. This agreed-upon ratio is a fundamental aspect of the partnership agreement.

Answer

(A), (C) and (E) only

Answer

(A), (B) and (D) only

Answer

(A), (C) and (D) only

Answer

(A), (B) and (C) only

Related Questionsin Business Law

More from CUET UG

Browse CUET Questions by Subject

Practice More CUET UG Questions