Match List I with List II:List IList IIA. Mutual AgencyI. It can be oral or writtenB. AgreementII. Written agreementC. Liability of partnersIII. Partnership concern carried by all or any of them acting for all.D. Partnership deedIV. Joint and unlimitedChoose the correct answer from the options given below:
- AA-III, B-I, C-IV, D-II
- BA-IV, B-III, C-II, D-I
- CA-II, B-IV, C-I, D-III
- DA-I, B-II, C-III, D-IV
Solution & Step-by-step Explanation
Standard definitions under the Indian Partnership Act, 1932 show:A. Mutual Agency: Matches with III, which defines the principle that business can be carried on by all or any of them acting for all.B. Agreement: Matches with I, as a general partnership agreement can be oral or written.C. Liability of partners: Matches with IV, partner liability is joint, several, and unlimited.D. Partnership deed: Matches with II, which refers specifically to a formal written agreement document.Thus, the match is A-III, B-I, C-IV, D-II.