Multiple choice

Registration of a firm is

  1. compulsory

  2. optional

  3. occasional

  4. none of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Registration of a partnership firm is generally optional, not compulsory. However, an unregistered firm faces certain disabilities - it cannot enforce contractual rights in court. The option to register provides evidentiary benefits and avoids these limitations, but is not mandatory for existence.

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