Question

For the existence of a partnership there must be an association of _______.

• A. two or more persons
• B. one person only
• C. minimum $5$ people
• D. minimum $7$ people

Answer 1

The correct option is A two or more persons

The general definition of partnership is that a partnership is an association of two or more persons who carry on as co-owners and share profits . So a partnership firm can not exists if there is not more than one member .I.e it requires two or more persons for its existence.