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      Question

      In the absence of any provision by contract between the

      partners for the duration or determination of their partnership, what type of partnership is it?
      A Joint Venture Correct Answer Incorrect Answer
      B Partnership-at-will Correct Answer Incorrect Answer
      C Limited Partnership Correct Answer Incorrect Answer
      D General Partnership Correct Answer Incorrect Answer
      E Limited Liability Partnership Correct Answer Incorrect Answer

      Solution

      As per section 7 of Indian Partnership Act: 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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