Answer-What does 'partnership' refer to?

Section 4. Definition of partnership, partner, firm and firm name Partnership is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all

Question

What does "partnership" refer

to?

A A relation between persons agreeing to share profits of a business conducted by all or some acting for all

B A contract to carry on a business without sharing profits

C A relation between individuals who invest but do not participate in the business

D An agreement solely for sharing losses of a business

E A temporary relationship formed for a single transaction

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What does "partnership" refer

Solution