Question

A partnership at will is one:
1. Duration not fixed
2. Duration fixed
3. Dissolved at any time
4. Can be dissolved only on the happening of an event.

• A. 1 & 2
• B. 2 & 3
• C. 3 & 4
• D. 1 & 3

Answer 1

The correct option is D 1 & 3

A partnership at will is one which does not provide for how long the business will continue. It is basically a partnership where partners have not agreed to remain in partnership until a definite fixed term.

The partnership can be dissolved at any time without any liability on the partners.