In India, laws relating to partnership are embodied in ___________.

Partnership Act, 1932

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Indian Partnership Act, 1932

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English partnership Act, 1872

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Indian Contract Act, 1872

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Solution

The correct option is C Indian Partnership Act, 1932
The Indian Partnership Act 1932 defines a partnership as a relation between two or more persons who agree to share the profits of a business run by them all or by one or more persons acting for them all.

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