πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!


    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".

    Practice Next
    ask-question