Question

    What is the maximum number of partners allowed in a partnership firm under the Partnership Act?

    A 10 Correct Answer Incorrect Answer
    B 20 Correct Answer Incorrect Answer
    C 50 Correct Answer Incorrect Answer
    D No limit Correct Answer Incorrect Answer

    Solution

    Explanation: The Partnership Act does not specify any limit on the maximum number of partners in a partnership firm. Therefore, there is no limit on the maximum number of partners allowed in a partnership firm under the Partnership Act. Therefore, option d) is the correct answer.

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