Multiple choice

A and B are running a business, where A is entitled to____ fixed income of Rs. 10,000 per month and B is to get the profits alone. The relationship between A and B is that of

  1. master and servant

  2. principal and agent

  3. partners

  4. none of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Where a person is getting a fixed amount of money irrespective of the amount of profits or losses, the relation is that of master and servant.

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