Multiple choice

A partnership firm is a/an

  1. distinct legal entity from its partners

  2. independent juristic person

  3. agent of its partners

  4. None of these

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

Option (1) is incorrect: A partnership firm is not a distinct entity from its partners. Option (2) is incorrect: A partnership firm is not an independent juristic person. Option (3) is correct: A partnership firm is an agent of its partners.