Solution-Which is a limitation for the use of a firm name

Which is a limitation for the use of a firm name

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Reference no: EM132759462

Problem 1: Which is the second partnership liability that is paid upon winding up of its affairs?

Select one:

a. Those owing to partners other than for capital and profits

b. Those owing to partners in respect of capital

c. Those owing to creditors other than partners

d. Those owing to partners in respect of profits.

Problem 2: Which is a limitation for the use of a firm name?

Select one:

a. The firm name should not be identical to or deceptively similar with an already existing partnership or business entity, or a name that is contrary to law:

b. All the answers are correct

c. Those who, not being members of the partnership, may include their names in the firm name, shall be subject to the liability of a partner.

d. A partnership can use the name of its deceased partner at any time.

Reference no: EM132759462

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Which is a limitation for the use of a firm name

Reference no: EM132759462

Reference no: EM132759462

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