Indian courts treat which feature as the real test of a partnership firm?
AMutual agency
BFirm registration
CEqual capital
DA written deed
Answer & Solution
Correct answer: A. Mutual agency
Courts ask whether a partner can bind the firm by acts as agent of the others, which is mutual agency.
Keep practising Partnership Business
Browse all Partnership Business questions for SSC CGL, or explore more Quantitative Aptitude topics.
Related questions
The ratio 4:5 written in the form 1:x isWhich ratio equals 3:2?Reduce the profit ratio 40:60 to its simplest form.The Partnership Act 1932 allows a partnership agreement to beUnder Indian law, a partnership firm isA major disadvantage of a partnership firm in India isWhat is the minimum number of partners needed for a partnership firm in India?Which Indian Act defines partnership in its section 4?