Question

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23 State the types of partnership classified on the Basis of Duration
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Q4 Explain the following terms in brief
(a) Unlimited Liability
(b) Co-parceners
(C) Karta
(d) Mutual Agency
a.
Q5. A sole proprietorship is a business where all of the following are true except that:
The owner has complete control over decision making
b. Profits entirely belong to the owner
(c) The proprietor is liable for losses to the extent of his or her personal assets
(d) The proprietor can sell his share in the business to raise funds​

Answer 1

Explanation:

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Answer 2

Answer:

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