In a partnership firm, there is no legal status of the business entity and partners are responsible for all the loss incurred. There is no concept of limited liability and the assets of partners may have to be liquidated to cover the losses. Though mostly there are equal partners in a part...
Mutual Agency– Each partner is an agent of the firm as well as of the other partners who carry on the business. The persons are known as partners in their individual capacity, while they are jointly referred to as the firm. The agreement in which the terms and conditions of the partners...
Arthur Andersen and Enterprise LSE. 2000.Value for Money Drivers in the Private Finance Initiative, a report commissioned by The Treasury Taskforce. The 17% Value-for-Money figure is the financial comparison of the Net Present Values (NPVs) of the cash flows of the public sector option compar...