Agreement to share profits in a partnership firm ___________.
A. Must be coupled with an agreement to share losses
B. Is same as agreement to share losses
C. Implies an agreement to share losses
D. Does not necessarily mean an agreement to share losses.
Answer:C
Agreement to share profits in a partnership firm ___________.
A. Must be coupled with an agreement to share losses B. Is same as agreement to share losses C. Implies an agreement to share losses D. Does not necessarily mean an agreement to share losses.