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Features Of Partnership

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Nature Of Partnership

Features of a partnership firm are :

Knowledge Check

  • Which of the following is not an essential feature of partnership ?

    A
    An agreement, oral or written, should exist among the partners
    B
    Agreement should be to carry on lawful business.
    C
    All the partners should contribute capital in the firm
    D
    There should be at least two partners.

  • Which of the following is not an feature of partnership?

    A
    An agreement , oral or written , should exist among the partners.
    B
    Agreement should be to carry on lawful business.
    C
    All the partner should contribute capital in the firm.
    D
    There should be at least two partners.

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    The partner of a partnership entered into a contract with an outsider favouring him personally, ignoring the interest of partnership firm. What value is ignored?

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