Consider the following statement(s). I. Mutual agency relationship mea – McqOptions

MCQOPTIONS

1.	Consider the following statement(s). I. Mutual agency relationship means that each partner is both an agent and principal. II. Liability of all the members of a partnership firm is unlimited. III. Personal assets may be used for repaying the debts in case business assets are insufficient. Which of the statement(s) given above is/are correct?
A.	I and II
B.	II and III
C.	I and III
D.	All of these
Answer» E.

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