Which of the following is not a characteristic of partnership?
Mutual agency, where "the business must be carried by all or any one acting for all" (s.4), is an essential characteristic of partnership, so "alternatively the business…
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Which of the following is not a characteristic of partnership?
Answer and explanation
Correct answer D
Mutual agency, where "the business must be carried by all or any one acting for all" (s.4), is an essential characteristic of partnership, so "alternatively the business must be carried on by one on his own behalf with the consent of all" is contrary to that principle and not a characteristic of partnership.
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