Question

What does a "partnership at will" signify under the Partnership Act?

Q: Answer-What does a 'partnership at will' signify under the Partnership Act?

Partnership Act Section 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.

A A partnership where the duration and terms of dissolution are specified in the contract

B A partnership that continues indefinitely unless terminated by mutual consent or as per the terms of the contract

C A partnership where no provision is made by contract between the partners for the duration of their partnership or for the determination of their partnership

D A partnership that automatically dissolves upon the occurrence of a specified event

E A partnership formed for a fixed period with automatic renewal clauses

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