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    Question

    Which of the following section of The Partnership act,

    1932 defines  'business' ?
    A Sec.2(a) Correct Answer Incorrect Answer
    B Sec.2(b) Correct Answer Incorrect Answer
    C Sec.2(c) Correct Answer Incorrect Answer
    D Sec.2(d) Correct Answer Incorrect Answer

    Solution

    Sec2(a) an “act of a firm” means any act or omission by all the partners, or by any partner or agent of the firm which gives rise to a right enforceable by or against the firm; Sec2(b) “business” includes every trade, occupation and profession; Sec2(c) “prescribed” means prescribed by rules made under this Act; Sec2(d) “third party”, used in relation to a firm or to a partner therein, means any person who is not a partner in the firm  

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