Alerts
Wishlist
Cart
Sign In
Categories
Current Affairs & GK
Current Affairs
Show All Current Affairs & GK
eBooks
General Aptitude
Arithmetic Aptitude
Data Interpretation
Show All General Aptitude
General Knowledge
Basic General Knowledge
General Science
Show All General Knowledge
Medical Science
Anatomy
Biochemical Engineering
Biochemistry
Biotechnology
Microbiology
Show All Medical Science
Technical
Database
Digital Electronics
Electronics
Networking
Show All Technical
Verbal and Reasoning
Logical Reasoning
Verbal Ability
Verbal Reasoning
Show All Verbal and Reasoning
›
In a partnership, what does the term 'buy-sell agreement' refer to?
In a partnership, what does the term 'buy-sell agreement' refer to?
Expand All
Collapse All
Practice Questions
1 question
Q1
In a partnership, what does the term 'buy-sell agreement' refer to?
An agreement to sell the business to a third party
A clause that allows partners to buy out each other's shares
An agreement to sell products at a discount
A contract for purchasing supplies
Show Solution
Copy
A buy-sell agreement is a legal contract that outlines how a partner's share of the business can be bought or sold.
Questions & Step-by-step Solutions
1 item
Q
Q: In a partnership, what does the term 'buy-sell agreement' refer to?
Solution:
A buy-sell agreement is a legal contract that outlines how a partner's share of the business can be bought or sold.
Steps: 5
Show Steps
Step 1: Understand that a partnership is when two or more people own a business together.
Step 2: Know that sometimes a partner may want to leave the business or sell their share.
Step 3: A buy-sell agreement is a written document that explains how this process works.
Step 4: The agreement specifies who can buy the partner's share and how much it will cost.
Step 5: This helps prevent confusion and disputes among partners when someone wants to sell their share.
Related Questions
W
Which sentence would best fit in the blank space in the following paragraph? 'Wh
Question: Which sentence would best fit in the blank space in the following paragraph? \'While socia..
W
What can be inferred about the author's attitude towards social media?
Question: What can be inferred about the author\'s attitude towards social media?Options: The author..
W
What is the author's main argument regarding the future of social media?
Question: What is the author\'s main argument regarding the future of social media?Options: It will ..
W
Which of the following words best captures the essence of the author's perspecti
Question: Which of the following words best captures the essence of the author\'s perspective on soc..
A
A fruit seller has apples and oranges in the ratio of 5:3. If he has 40 apples,
Question: A fruit seller has apples and oranges in the ratio of 5:3. If he has 40 apples, how many o..
‹
Biology (School & UG)
Chemistry (School & UG)
Civil Engineering
Commerce & Accountancy
Computer Science & IT
Current Affairs & GK
Data Structures & Algorithms
eBooks
Electrical & Electronics Engineering
English (School)
General Aptitude
General Knowledge
General Knowledge & Current Affairs
Languages & Literature
Law & Legal Studies
Major Competitive Exams
Mathematics (School)
Mechanical Engineering
Medical Science
Physics (School & Undergraduate)
Quantitative Aptitude & Reasoning
Social Science (School)
Technical
Verbal and Reasoning
Vocational & Skill Development
›
Soulshift Feedback
×
On a scale of 0–10, how likely are you to recommend
The Soulshift Academy
?
0
1
2
3
4
5
6
7
8
9
10
Not likely
Very likely
✕
↑
