Business Studies, asked by amberveshvikar6297, 8 months ago

The mutual agency features of a partnership business can held partner liable for the business entire debt as

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Answered by jigyasakumari126
0

Explanation:

The partners are liable to an unlimited extent jointly as well as severally for all the debts and obligations of the firm. ... A partnership is formed to carry on business with the object of making profits and sharing it among all the partners. Profits unless otherwise agreed are to be shared equally by all the partners.

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