Category: business ethics

Limitations of Partnership

Some of the chief drawbacks or limitations existing in the partnership form of business organisation, might be mentioned as under: (1) Evils of Mutual conflicts- All the partners are entitled to participate in the...

An Ideal Partnership act

An ideal partnership is a word used for a successful business. It is a business where all the partners work honestly and for a common purpose. There is a perfect understanding among them and...

Kinds of Partnership act 1932

classified as under:There are different kinds of partners and they may be 1. Active Partner- An active partner is one who takes active part in the day-to-day working of the business. Henmay act in...

Indian Partnership Act, 1932

The law governing partnership in India is now em-bodied in the Indian Partnership Act, 1932 which came into force [except Sec. 69] on the 1st day of October 1932. Prior to this act, the...

                             

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