Business Studies, asked by DhruvAhlawat, 9 months ago

In which form of organisation is a trade agreement made by one owner binding on the others?Give reasons to support your answer.b) If the debts are more than than the assets of the above organisation ,what course of action can the creditors take?

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Answered by aditi9533

Answer:

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Answered by vish143690

Answer:

hey mate here is your answer

Explanation:

In partnership form of organization, atrade agreement made by one owner isbinding 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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In which form of organisation is a trade agreement made by one owner binding on the others?Give reasons to support your answer.b) If the debts are more than than the assets of the above organisation ,what course of action can the creditors take? ​

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In which form of organisation is a trade agreement made by one owner binding on the others?Give reasons to support your answer.b) If the debts are more than than the assets of the above organisation ,what course of action can the creditors take?