1.

Mention any three rights of partners?

Answer»

Rights of Partners; 

1. Right to take part in business: Every partner has a right to take part in the management of the business. 

2. Right to consult: Every partner has the right to consult in all the matters concerning the firm.

3. Right to share profit: Every partner is entitled to share the profits in the agreed ratio. If no ratio is specified in the deed, the profit must be shared equally.



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