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Question

In order that persons may become partners, it is essential that _________.
I. There must be at least two persons
II. There must be a relationship arising out of status between two or more persons.
III. The agreement must be to share the profits of a business
Select the correct answer from the options given:

A
I & II only
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B
II & III only
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C
III only
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D
I & III only
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