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Mercantile Laws - Contract and Partnership Law

Question 1 of 40

Which of the following is correct?

  1. The liability of partners of a firm is unlimited
  2. Generally the liability of a member of a company is limited but it can be unlimited
  3. The liability of partner of firm is same as a member of any company
  4. All of these

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000