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EXERCISES 1. How many persons can make up a valid partnership? 2. What do you understand as the meaning of 'business'? 3
Posted: Mon Mar 21, 2022 4:29 pm
by answerhappygod
- Exercises 1 How Many Persons Can Make Up A Valid Partnership 2 What Do You Understand As The Meaning Of Business 3 1 (43.61 KiB) Viewed 47 times
EXERCISES 1. How many persons can make up a valid partnership? 2. What do you understand as the meaning of 'business'? 3. Explain the meaning of carrying' and 'in common'? 4. What is the meaning of 'with a view of profit'? 5. What factors effects the general rule where the sharing of gross profits does not create a partnership between the parties concerned? 6. Under what circumstances would the receipt by a person of share of the profits of a business not make him a partner?