Question

    What type of partnership arises when no provision is

    made by contract between the partners for the duration or determination of the partnership?
    A Partnership at will Correct Answer Incorrect Answer
    B Fixed-term partnership Correct Answer Incorrect Answer
    C Limited liability partnership Correct Answer Incorrect Answer
    D Partnership by estoppel Correct Answer Incorrect Answer
    E Partnership by agreement Correct Answer Incorrect Answer

    Solution

    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".

    Practice Next