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What is a partner by estoppel?
A legally obligatory partnership that might result where, in fact, no formal partnership agreement is in force. A person who by rule or words serves or permits him/herself to be represented, as a partner in an enterprise is responsible for the credit or loans acquired by the enterprise on the basisRead more
A legally obligatory partnership that might result where, in fact, no formal partnership agreement is in force. A person who by rule or words serves or permits him/herself to be represented, as a partner in an enterprise is responsible for the credit or loans acquired by the enterprise on the basis of such representation, which is also known as the presumption of partnership.
See lessMention the types of business enterprise which operates in more than one nation.
Companies that operate a business in more than one nation are called Multinational Companies (MNCs). However, such companies have their headquarters in one country where all the primary business activities take place. For instance, Capgemini, Amazon, etc.,
Companies that operate a business in more than one nation are called Multinational Companies (MNCs). However, such companies have their headquarters in one country where all the primary business activities take place. For instance, Capgemini, Amazon, etc.,
See lessWhat are the different types of PSEs?
The different types of Public Sector Enterprises or PSEs are: Statutory Corporation Departmental Undertaking Statutory Corporation
The different types of Public Sector Enterprises or PSEs are:
Statutory Corporation
See lessDepartmental Undertaking
Statutory Corporation
Mention the names of the systems that regulate the membership in Joint Hindu Family.
Dayabhaga law and Mitakshara law
Dayabhaga law and Mitakshara law
See lessWhich is the business organisation that is found only in India?
Joint Hindu Family is the business organisation that is found only in India.
Joint Hindu Family is the business organisation that is found only in India.
See lessWho is a secret partner?
Secret partner is a partner whose membership in a partnership is maintained secret from the public.
Secret partner is a partner whose membership in a partnership is maintained secret from the public.
See lessWhat is a partner by estoppel?
A legally obligatory partnership that might result where, in fact, no formal partnership agreement is in force. A person who by rule or words serves or permits him/herself to be represented, as a partner in an enterprise is responsible for the credit or loans acquired by the enterprise on the basisRead more
A legally obligatory partnership that might result where, in fact, no formal partnership agreement is in force. A person who by rule or words serves or permits him/herself to be represented, as a partner in an enterprise is responsible for the credit or loans acquired by the enterprise on the basis of such representation, which is also known as the presumption of partnership.
See lessWhat is HUF?
Hindu Undivided Family (HUF) is not specified under the Income Tax Act but is incorporated under the Hindu Law. HUF comprises of all the individuals who are lineally settled from a common ancestor and also includes of unmarried daughters. HUF is not established by a, but by the status of a family, iRead more
Hindu Undivided Family (HUF) is not specified under the Income Tax Act but is incorporated under the Hindu Law. HUF comprises of all the individuals who are lineally settled from a common ancestor and also includes of unmarried daughters. HUF is not established by a, but by the status of a family, i.e., it is generated automatically in any Hindu Family.
See lessWhat is a Joint Stock Company?
A joint-stock company is a business controlled by its investors, with each investor enjoying a share based on the amount of stock acquired. Joint-stock companies are formed in order to finance efforts that are too valuable for an individual or even a government to support. The owners of a joint-stocRead more
A joint-stock company is a business controlled by its investors, with each investor enjoying a share based on the amount of stock acquired.
Joint-stock companies are formed in order to finance efforts that are too valuable for an individual or even a government to support. The owners of a joint-stock company demand to share in its profits.
See lessWhat is an unlimited liability?
Unlimited liability involves general partners and sole proprietors who are fairly effective for debt and liabilities accumulated by the business. This liability is not capped and can be paid off within the seizure of owners’ personal assets, making it distinct from limited liability ventures.
Unlimited liability involves general partners and sole proprietors who are fairly effective for debt and liabilities accumulated by the business. This liability is not capped and can be paid off within the seizure of owners’ personal assets, making it distinct from limited liability ventures.
See less