Question

explain any 5 features of partnership​

Answer 1

Answer:

HOPE THE FOLLOEINGS WILL HELP YOU.

Explanation:

1. Agreement

The definition of the partnership itself makes it clear that there must exist an agreement between partners to work together and share profits amongst them. Partners may make such an agreement either orally or in writing. If it exists in written form, we refer to such an agreement as a partnership deed.

2.Business

The existence of a business is an essential feature of partnerships. There can be no formal partnership under the Partnership Act if the partners carry out charitable activities. Section 2 says that business includes any trade, profession or occupation. What is essential is that the firm must work with the intention of earning profits.

3.. Profit sharing

A partnership does not exist unless partners share the profits of their firm. A person who works for the partnership business without having a share in its profits may be an employee, but not a partner. It is noteworthy to point out that the law only requires the sharing of profits amongst partners. Consequently, all partners need not share losses as well.

4.Principal-agency relationship

A partnership firm’s business may be conducted either by all partners together or by one partner acting on behalf of all others. We commonly refer to such a peculiar relationship between partners as the principle of agency.

Answer 2

Explanation:

Results in English

साझेदारी के किसी भी 5 सुविधाओं की व्याख्या

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Features of Partnership Firm – Agreement, Number of Partners, Lawful Business, Profit Sharing, Principal-Agent Relationship, Unlimited Liability and a Few Others.