CAF-4 · Chapter 12 · Question 2 of 10
Aftab, Badal, and Chand start a business. The agreement states only Aftab will manage the business, while Badal and Chand will be sleeping partners. Do Badal and Chand have the right to inspect the firm's books?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Yes, every partner has a right to have access to and inspect any of the books of the firm.
Explanation
Regardless of whether a partner takes an active part in management or is a sleeping partner, every partner holds the statutory right to access, inspect, and copy the books of the firm.
More Relations of partners to one another MCQs
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