in determining whether a group of persons is or is not a firm or whether a person is or is not a partner in a frim, regard shall be had to the-
Answer (1)
3rd Nov, 2020
Hello aspirant,
The answer for the question is as follows-
In determining whether a group of persons is or is not a firm or whether a person is or is not a partner in a frim, regard shall be had to the- Provisions of the Partnership Act, 1932. As per the act, it defines a partnership as a relation between two or more persons who comply to share the gains of the business handled by all of them or by one or more persons acting for all of them.
Hope, this answer helps you.
Comments (0)
Related Questions
Trending Articles/News
