New Cracking SEBI General in 60 Days - Possible or Not?
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Question

Partnership at will is a partnership

A Where time period is specified Correct Answer Incorrect Answer
B Which is made with the consent of parties Correct Answer Incorrect Answer
C Which can be determined at will Correct Answer Incorrect Answer
D Where no provision is made for the duration of partnership or for determination of partnership Correct Answer Incorrect Answer
E Which is transferable by will Correct Answer Incorrect Answer

Solution

Section 7 of Indian Partnership Act Partnership at will.—Where no provision is made by contract between the partners for the duration of their partnership or for the determination of their partnership, the partnership is “partnership at will”.

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