Sequence of Partnership Concepts

The question asks to arrange the given concepts related to a partnership agreement in the order they logically appear or are established.

• Concept (iv): Agreement to share profits from business of firm - This represents the foundational step, the formation of the partnership agreement itself.
• Concept (ii): Breach of terms of agreement of partnership - This occurs after an agreement is in place, when its stipulated terms are violated.
• Concept (i): Damage - This refers to the harm or loss resulting from the breach of the agreement.
• Concept (iii): Damaged - This describes the state of being harmed or injured, the consequence of the damage.

Correct Sequence Determination

Based on the logical progression:

1. First, there must be an agreement (iv).
2. Then, the terms of this agreement can be breached (ii).
3. A breach typically leads to damage (i).
4. The result of this damage is that something becomes damaged (iii).

Therefore, the correct sequence is (iv), (ii), (i), (iii).

Final Answer Sequence

The concepts arranged in the order they appeared are:

• (iv) Agreement to share profits from business of firm
• (ii) Breach of terms of agreement of partnership
• (i) Damage
• (iii) Damaged

This corresponds to Option 2: (iv), (ii), (i), (iii).