Q: Deduce the authority of partners in partnership firm?
Ans: Thus , we have seen that the partnership has a significant role to run a business. Coming together is business, staying together is progress and working together is success. The different persons and minor can also become a partner in partnership firm. The authorities of partner are mentioned in partnership firm to carry out the business activities in lawful manner. The partners must be honest and trustworthy in partnership firm. According to Janine ogg , just one partnership with right person can have an incredible impact on your business success . The partnership act, 1932 has also provided the authorities to minors in partnership. The minors can enhance their skills in partnership firm because the early bird catches the worm.
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