Question

Which form of business organisation is highlighted in the following cases :-
a) There is no separate law which exists for the formation and closure of business.
b) Only eldest male member takes all the decision for the business.
c) There exists mutual agency relationship between the owners.
d) This form follows the principle of ‘one man, one vote’.
e) There is no distinction between the owner and the business. ​

Answer 1

Answer:

There is no separate entity law which exists for the formation and closure of business