In a Partnership Firm, If One Partner Cannot Pay His

question 126

True/False

In a partnership firm, if one partner cannot pay his or her part of the debt, the other partner or partners must pay the total.

---

Definitions:

Weighted Point Evaluation

A method used to evaluate and compare suppliers based on certain criteria, where each criterion has a different level of importance or "weight".

Supplier Evaluation Process

A systematic approach to appraising and scoring suppliers based on their performance, reliability, quality, and capability to meet requirements.

Evaluation Criteria

The standards or benchmarks used to assess the quality, performance, or suitability of a product, service, or supplier.

Unilateral Price Increase

A decision made by one party, usually the seller, to raise prices without the agreement or negotiation with the buyer.