1. Define partnership. Elucidate its advantages and disadvantages.
2. What are the kinds of partners? What are their duties, rights, and liabilities?
3. What is a minor partner? What are his rights and liabilities to the business?
4. Define partnership agreement. What are its contents? Is it possible to form a partnership business without an agreement? Explain.
5. Explain in detail dissolution of partnership and the firm. Also distinguish between dissolution of partnership and dissolution of the firm.
6. What is limited partnership? What are its essentials? Elaborate your answer.
7. Write a brief note on the registered partnership.