Registration of Firm does not create Partnership, but is only the evidence of “Partnership:
Registration of a partnership firm does not create a partnership. It is merely a legal requirement to register a partnership firm under the Indian Partnership Act, 1932. The Act defines a partnership as "the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all." Therefore, a partnership is created by an agreement between persons who intend to carry on a business together and share the profits. Registration of a partnership firm is only evidence of the partnership and not the creation of it. In other words, if a partnership is created, it exists even if the partnership firm is not registered. However, registration of the firm provides evidence of the partnership, which can be useful in case of disputes or legal issues.
In △ ABC, ∠ A = 90°. M is the midpoint of BC and D is a point on BC such that AD Ʇ BC. If AB = 7 cm and AC = 24 cm. then AD: AM is equal t...
If x2 – xy + y2 = 16 and x4 + x2y2 + y4 = 320 then find x2 + xy + y2...
If a3 + b3 = 6240 and a + b = 30, then find the value of {(a + b)2 – 3ab}
Which of the following statements is correct?
I. If x = 12, y = –2 and z = –10, then x³ + y³
+ z³ = 720
II. If x + y = 48 an...
A certain number of students from school X appeared in an examination and 30% students failed. 150% more students than those from school X, appeared in ...
When 732 is divided by a positive integer x, the remainder is 12. How many values of x are there?
Evaluate (998)3 without multiplying directly.
If a = 901, b= 903, and c= 906, then find the value of a³ + b³ +c³ –3abc?
If P3 + 3P2 + 3P = 7, then the value of P2+ 2P is –
In a class of 70 students and 25 teachers, each student got gifts that were 20% of total number of students and each teacher got gifts that were 10% of ...