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Virat and Taran are first cousins. …

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Virat and Taran are first cousins. After completing a degree course in law, Tarun decided to start a law firm jointly. However, Virat shares with Tarun that he plans to go abroad after two years to pursue a masters course in law. Therefore, their partnership can exist only for two years. Tarun agrees with Virat's decision. 1) identify and state the type of partnership being highlighted above. ii) Name the basis under which this type of partnership is classified. iii) Also, name the other type of partnership which can be classified under the same basis as identified above.

Posted by Madhav Soni 2 years, 9 months ago

CBSE > Class 11 > Business Studies

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