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In a partnership who is responsible for the partnership debts?
Absent an express agreement otherwise, the general default rule is that all of the partners share the profits and losses of the partnership equally. In other words, all of the partners are...
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What is partnership?
coalition (an organization of people (or countries) involved in a pact or treaty)
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What is a partnership?
Indian partnership act of 1932. Sec-4 of this act defines partnership as "A relationship between persons who have agreed to share their profits and losses of a business carried on by all or any of...
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Who were the Stalwarts?
They were a large faction within the Republican Party's political machine who strongly supported the patronage system in the US government during the post Civil War period. When President Garfield...
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Can a partnership firm be a partner in a partnership firm?
My considered opinion is as follows:
A partnership firm being not a juristic person, can not become a partner of another firm. The partners can.