Explain the characteristics of partnership firm.
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1- Association of individuals
2- Mutual agency
3- limited life
4- unlimited liability
5- Co- ownership of a libility
2- Mutual agency
3- limited life
4- unlimited liability
5- Co- ownership of a libility
Answered by
1
1-Membership
2-Agreement
3-Business
4- Profit sharing
5- Liability--unlimited
6-Mutual agency relationship
7-Non transferability of shares
8-Registration
9-Management
10-Time period
2-Agreement
3-Business
4- Profit sharing
5- Liability--unlimited
6-Mutual agency relationship
7-Non transferability of shares
8-Registration
9-Management
10-Time period
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