Question

Define Partnership.Explain Pricipal-Agent relationship in partnership.(150 word)

Answer 1

partnership is the relation between persons who have agreed to share the profit of a business carried on by all or any of them acting for all

the partnership deed is described the relationship among the partners in the partnership deed written the name of the partners ,name of the firm,principal place of business ,nature of the business rights and duties of partners capital contribution is also given in the partnership deed