New Enroll in RBI Grade B New Batch - Starts on May 21

    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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