Practicing Success
Practicing Success
CUET Preparation Today
Bala and Kala are partners in a firm. Bala has agreed to buy raw material from a supplier at ₹10/kg. Though Kala feels the price is too high. The firm is still bound to buy and make required payment. The feature of partnership highlighted above is: |
Unlimited liability Mutual agency Profit sharing Utmost good faith |
Mutual agency |
The correct answer is option (2) – Mutual agency |
