1.

Characteristics of partnership??​

Answer»

Nine CHARACTERISTICS of partnership

  • Existence of an agreement: Partnership is the outcome of an agreement between TWO or more persons to carry on business. ...
  • Existence of business: ...
  • Sharing of PROFITS: ...
  • Agency relationship: ...
  • Membership: ...
  • Nature of liability: ...
  • FUSION of ownership and control: ...
  • Non-transferability of interest:


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