A partnership firm is a legal entity "like a company". The statement is:
A partnership firm is not a separate juristic person like a company; the firm is only a compendious name for the partners, so the statement is "False".
Choose your answer
A partnership firm is a legal entity "like a company". The statement is:
Answer and explanation
Correct answer B
A partnership firm is not a separate juristic person like a company; the firm is only a compendious name for the partners, so the statement is "False".
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