CUET Preparation Today
| The maximum number of partners in a partnership firm other than banking are_____ . |
10 20 50 100 |
| 20 |
| Partnership is the outcome of a contract. Thus: a) There must be at least 2 persons to enter into contract to form partnership. b) Minors cannot form a partnership firm as they are incompetent to enter into contract but can be admitted to the benefits of a running firm. c) If these people intend to do banking business, the maximum number can be ten otherwise twenty for the other business. |
