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Mention any three rights of partners? |
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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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