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

    Question

    When no provision is made as to the duration of

    partnership in any contract it is_____.
    A Not a valid mode of partnership Correct Answer Incorrect Answer
    B Particular partnership. Correct Answer Incorrect Answer
    C Partnership-at-will. Correct Answer Incorrect Answer
    D Indeterminate partnership. Correct Answer Incorrect Answer
    E Determinate partnership. Correct Answer Incorrect Answer

    Solution

    S. 7 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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