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Please answers it with your own words. not copied by anything 1. a) You want to form a partnership firm. Is it necessary that there
Please answers it with your own words. not copied by anything
1. a) You want to form a partnership firm. Is it necessary that there should be express 5.0 provisions for duration or determination of a partnership firm? b) You as a partner of a firm have brought some of my personal assets to the firm as 5.0 your contribution. Have you lost your exclusive rights to the said assets? You want to admit your brother who is 15 years old to the profits of the partnership 5.0 firm, which is managed by you with other partners. Can minors have share in the property of the firm? c) d) After dissolution of the firm, of which you were one of the partners, another 5.0 partner of the said firm has commenced a similar business in the name of the previous firm. Can you restrain that partner from carrying on the said business? e) What are the harmful effects of not registering a partnership business? 5.0Step by Step Solution
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