Multiple choice

Every partner has the right

  1. to take part in the business of the firm

  2. to share exclusive profits

  3. to use the property of the firm for personal purpose

  4. All of the above

  5. None of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Option (1) is correct: U/s 12 of the act, every partner has the right to take part in the business of the firm, but they cannot use firm's property for personal use and cannot share exclusive profits.

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