Question

A partnership may be _________.

• A. For particular adventure
• B. For fixed period
• C. A partnership at will
• D. Any of the above

Answer 1

Answer: (D)

Any of the above

A partnership basically refers to the contract between two or more people who have agreed to carry on certain business in order to achieve common goals. The partnership can be started for a specific purpose and stand dissolved after the completion of the purpose, it can be started for a fixed period in order to earn profits and even partnership can be started at the will of the partners where the firm stands dissolved whenever the partners want it to.