CA CPT Model Test Paper 13 with solutions for online practice

Question : 63 of 200

Marks: +1, -0

The cardinal principle of partnership law implies that:

The business must be carried on by all the partners or by anyone or more of the partners acting for all.
The business may be carried on by all the partners acting for all.
The business may be carried on by anyone or more of the partners acting for all.
The business must be carried on in accordance with the decided profit (loss) sharing ratio.

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