Liability of partners in respect of the firms debts is _______.
A. limited up to the amount of his capital in the business
B. Unlimited
C. limited up to the amount of guarantee given by the partner
D. limited up the amount of his capital and loan to the firm if any
Answer: Option B
Solution(By Examveda Team)
Partners of typical partnership firms have unlimited liability towards their collective debts and legal consequences.This Question Belongs to Commerce >> Business And Commerce
Join The Discussion
Comments ( 3 )
A. Commerce
B. Industry and commerce
C. Trade and commerce
D. Selling and buying of goods
Which of the following is not an economic activity?
A. A doctor practicing
B. A lawyer practicing law
C. A professional cricketer playing cricket
D. A student playing cricket
Which of the following is an extractive industry?
A. Cattle breeding
B. Forest cultivation
C. Hunting
D. Flour mills
Which of the following is not a manufacturing industry?
A. Iron and steel works
B. Flour Mills
C. Fruit canning
D. Mining
B SHOULD BE THE RIGHT ANSWER
Option B is correct
which management function are most closely related?
a. planning and organising b. planning and staffing
c. planning and co-ordinating d. planning & controlling