State in which of the following circumstances a valid partnership is constituted. A X lend money...
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State in which of the following circumstances a valid partnership is constituted. A X lend money to Y to start a new business wherein he is allowed 20% profit in addition to 16% interest on the amount lent B Y sells his goodwill to P and agreed for 10% share of profit to the firm C A & B undertook to construct a Railway Bridge each sharing profit and loss equally D A is working as marketing executive in ABC Ltd. wherein he is entitled to 2% profit in addition to his monthly remuneration State in which of the following circumstances a valid partnership is constituted. A X lend money to Y to start a new business wherein he is allowed 20% profit in addition to 16% interest on the amount lent B Y sells his goodwill to P and agreed for 10% share of profit to the firm C A & B undertook to construct a Railway Bridge each sharing profit and loss equally D A is working as marketing executive in ABC Ltd. wherein he is entitled to 2% profit in addition to his monthly remuneration
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C A B undertook to construct a Railway Bridge each sharing profit and ... View the full answer
Related Book For
Financial Markets And Institutions
ISBN: 978-0132136839
7th Edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
Posted Date:
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