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Treating Manager as Partner

A partnership...

Question

A partnership for which no period or duration is fixed, under the Indian Partnership Act, 1932 is known as ________.

A

General partnership

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B

Partnership at will

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C

Particular partnership

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D

Co-ownership

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Solution

The correct option is B Partnership at will
A partnership for which no period or duration is fixed, under the Indian partnership act 1932 is known as partnership at will.

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Q. For constituting a partnership within the meaning of section 4 of the Indian Partnership Act, 1932 __________________.

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1

. No fixed period has been agreed upon for the duration of partnership.

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. There is no provision made as to the determination of partnership in any other way.
Select the correct answer from the options given.

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