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CASE STUDY 2.4QuestionірThe two friends, Soniya and Raman started a businessby the name of 'Soniyo Fancy Dress Shoppy'. Both of17them invested equal capital in the business. At thera start of the business, Soniya had placed one conditionbefore Raman that if unfortunately they suffered aof heavy loss in their business, she would not be able togive anything except the capital invested in thebusiness, Raman had accepted this condition on theinterms and condition that Soniya would not enjoy theright to participate in the management of the firmTheir business was gradually growing well and theywere fully satisfied with their business,(a) To what form of business organisation isconcerned the above para?(b) Identity and explain the type of the form of3 marksorganisation identified in (a).al​

Answer»

Answer:

The two friends, SONIYA and Raman started a business

by the name of 'Soniyo Fancy DRESS SHOPPY'. Both of

17

them invested equal capital in the business. At the

ra start of the business, Soniya had placed one condition

before Raman that if unfortunately they suffered a

of heavy loss in their business, she would not be able to

give anything except the capital invested in the

business, Raman had accepted this condition on the

in

terms and condition that Soniya would not enjoy the

right to participate in the management of the firm

Their business was gradually growing well and they

were fully satisfied with their business,



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