Question

What is the basis for the relation of partnership, according to the Indian Partnership Act?

A The relation of partnership arises from a contract and not from status
B The relation of partnership arises from the status of the parties involved
C The relation of partnership is based on a family agreement, regardless of a formal contract
D The relation of partnership arises only when a business is carried on by a husband and wife
E The relation of partnership arises from religious practices and not from a formal agreement
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