The personal assets of the partners can be used to pay off firm's debts, if firm's assets are not sufficient, in which of the following feature of partnership is highlighted above? (
This question was previously asked in
Shift 30/05/2023 8:30 AM - 10:30 AM
A
Agreement
B
Mutual Agency
C
Unlimited Liability of Partners
D
Sharing of Profits
Correct Answer
Unlimited Liability of Partners
Detailed Explanation
NOTE* AS PER NTA THE ANSWER TO THIS QUESTION IS (3)
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