Home › Courses › Class 12 Commerce › Businesslaw › PartnershipClass 12 Commerce Partnership — practice questions Explore 1 free Partnership questions in Class 12 Commerce Businesslaw. Open each question or exercise to read its content, reference answers and available explanation.
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Worked practice questions CA Foundation · Businesslaw · Partnership — True / False Read exercise and reference answers Questions Statement is true No Statement A partnership firm must always be registered to come into existence. Statement is true Yes Statement Maximum number of partners is 50 (general partnership). Statement is true Yes Statement Partnership is governed by the Indian Partnership Act, 1932. Statement is true No Statement A minor can be a full partner with all rights and liabilities. Statement is true Yes Statement Partnership at will may be dissolved by any partner with notice. Statement is true No Statement Sleeping partner cannot share in profits. Instructions Decide each Partnership Act statement. Open this exercise →
How to practise Choose a Partnership question and try to work out your answer. Open the question to check the correct answer and read its worked solution. Continue in the app for bite-sized lessons, explanations and review with Quill. You can start without creating an account. 
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