"Partnership is a relationship between persons who have agreed to share the profit of the business carried on by all or any one of them .Partnership has some factors like contract Personsbusiness ,profit sharing carried by all ore any one of…"
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Mr. B relinquishes the balance amount pending towards Mr. Shaban, a debtor of the firm.
Is issue ka matlab yehi hai na ke MR. B ne Mr. shaban jo ke debtor han firm ke un ka jo due payable amount hai wo maaf kar diya ?
Mujhe lagta hai…"
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ScenarioKareem is running a tea-stall in his small village. He has placed 4 tables in his stall and each table is surrounded by 2 chairs. On a recent sunny day, 8 people – A, B, C, D, E, F, G & H gathered in his stall. While enjoying the tea, they formulated following business deals:a) A and B agreed to contribute Rs.1 lac each to start wheat farming after 6 months.b) C and D agrees to start a small hotel by contributing Rs.2 lac and 1 lac, they further agreed to share the profit equally…See More
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