Business Studies, asked by chahatsikri24, 8 months ago

09- In which form of organization is a trade agreement made by one of the owners binding on
the others? Explain the three merits.

Answers

Answered by sharonthomas28

Answer:

In partnership form of organization, a trade agreement made by one owner is binding on the others. The Indian Partnership Act, 1932 defines partnership as "the relation between persons who have agreed to share the profit of the business carried on by all or anyone of them acting for all."

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