Multiple choice

Every partner is

  1. principal as well as an agent

  2. only agent of firm

  3. only representative of firm

  4. only co-partner of firm

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Option (1) is incorrect: Partner is an agent of firm. Option (2) is correct: U/s 18 of the Act, a partner is an agent of firm for the purpose of business of the firm. Option (3) is incorrect: Partner is not the representative of firm. Option (4) is incorrect: Cannot be called co-partner of firm.