Which of the following is not true of an Indian partnership?
The business of a partnership may be carried on by all the partners, or by any of them acting for all (s.4), so "The business must be carried on and managed by all" is not…
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Which of the following is not true of an Indian partnership?
Answer and explanation
Correct answer D
The business of a partnership may be carried on by all the partners, or by any of them acting for all (s.4), so "The business must be carried on and managed by all" is not true of an Indian partnership.
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