Question

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

• A. The business has to be of permanent nature
• B. The business can be of temporary nature
• C. It is immaterial whether the business is of temporary or permanent nature
• D. Only (a) and not (b)

Answer 1

Answer: (C)

It is immaterial whether the business is of temporary or permanent nature

For constituting a partnership with in the meaning of section4 of the Indian partnership,1932 it is immaterial whether the business is of temporary or permanent nature.