Mr. Nithin and Mr. Kailash entered into partnership business of marketing ready made garments vide a written and duly registered agreement. They suffer heavy losses due to fluctuating demand and out-fashioned designs.
What is the nature of risk faced by the firm in the given case - 'Pure' or 'speculative'?
Q3. Give an example of each of the following:
(a) Any professional boy and its associated profession
(b) Etractive industry
(c) Pure risk
(d) Entrepot trade
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