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      Question

      What does a "partnership at will" signify under the

      Partnership Act?
      A A partnership where the duration and terms of dissolution are specified in the contract Correct Answer Incorrect Answer
      B A partnership that continues indefinitely unless terminated by mutual consent or as per the terms of the contract Correct Answer Incorrect Answer
      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 Correct Answer Incorrect Answer
      D A partnership that automatically dissolves upon the occurrence of a specified event Correct Answer Incorrect Answer
      E A partnership formed for a fixed period with automatic renewal clauses Correct Answer Incorrect Answer

      Solution

      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".

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