Can two or more firms be partners of another firm?
A firm is not a legal person, so two or more firms cannot be partners of another firm and the answer is "No, they cannot be"; only individual persons can enter a partnership…
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Can two or more firms be partners of another firm?
Answer and explanation
Correct answer A
A firm is not a legal person, so two or more firms cannot be partners of another firm and the answer is "No, they cannot be"; only individual persons can enter a partnership (Dulichand Laxminarayan v. CIT).
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