A partnership without a deed shares profits/losses?
in the ratio of partners' capital
equally among the partners
proportionate to patronage
proportionate to assets introduced
Correct answer is D
No explanation has been provided for this answer.
A partner without an unlimited liability is known as a?
dormant partner
nominal partner
general partner
active partner
Correct answer is D
No explanation has been provided for this answer.
The greatest risk in a business venture is borne by the?
trade creditors
employees
trade debtors
entrepreneurs
Correct answer is D
No explanation has been provided for this answer.
Which of the following would not be stated in Memorandum of Association?
Name clause
Registered office
Objective clause
Rights of shareholders
Correct answer is D
No explanation has been provided for this answer.
When a number of thrift societies come together and are registered, they become a?
holding company
credit union
trade union
consumer association
Correct answer is B
No explanation has been provided for this answer.