Question

Which of the following is not an essential feature of a partnership firm?
A.association of two or more persons
B.compulsory registration
C.mutual agency
D.existence of business

Answer 1

B.compulsory registration

Explanation:

Partnership firm can be understood as the agreement which is carried by two or more partners mutually in order to carry out buisness together. However without agreement Partnership cannot be termed as legal if no terms and conditions legally signed by them.

Mutual Agency test also plays crucial role because it undermines the compatibility of the partners for future benefits.

Whereas compulsary registration is not required for partnerships because if the firm is small, registration can be too expensive.

Learn More

Explain the type of partnerships

https://brainly.in/question/1760720

Answer 2

$\huge\underline{\overline{\mid{\bold{\red{ANSWER-}}\mid}}}$

Compulsory registration

Explaination :-

registration is done so that the business firms could come into legal existence in the eye of the law..

moreover if a partnership firm is registered then it will be permittable to sue its partners and the third party..