Consider the following statement(s). |
I. Registration of the firm in general partnership is optional. |
II. General partnership is one in which liability of every partner is unlimited and joint. |
III. Every partner is entitle to take active part in management? |
Which of the statement(s) given above is/are correct? |
A) I and II
B) II and III
C) I and III
D) All of the above
Correct Answer: D
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