Ask Question
18 October, 11:24

Two doctors who join forces in business for a

+2
Answers (1)
  1. 18 October, 13:22
    0
    partnership

    Explanation:

    It is a term used in business to describe a relation between two or more individuals that have agreed to share profits, as well as losses, undertaking a lawful business.

    The persons in the agreement are called "partners", together they form a "firm".

    The partnership has the following characteristics:

    1) Membership

    2) Unlimited liability

    3) Sharing of profit and loss

    4) Mutual agency

    5) Voluntary registration

    6) Continuity

    7) Contractual relationship

    8) Transfer of interest
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Two doctors who join forces in business for a ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers