Commerce Test
Casual Mode - Take your time!
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Multiple Choice
Directions: Choose the correct option for the given question:
Consider the following statements:
In the absence of an agreement, a partner of a firm has the right to
- Claim remuneration for taking part in the management
- Take part in the conduct and management of business
- Share the profits of the firm equally with other partners
- Pledge partnership property as a security for his own private debts
Which of the statements given above is/are correct?
- (1) and (4)
- (2) and (3)
- (1) only
- (4) only