Question

Which of the following is the appropriate definition of

Q: Answer-Which of the following is the appropriate definition of partnership?

Indian Partnership Act, 1932 S. 4. Partnership is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all.

partnership?

A Relation between persons who have agreed to share the profits of a business

B Persons acting jointly to carry out a trade or an occupation

C All carrying out business or any of them acting for all.

D Relation between persons who have agreed to share the profits of a business, all carrying out business or any of them acting for all.

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Which of the following is the appropriate definition of

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