Question

Partnership is an association of two or more individuals who agree to share the profits of a lawful business which is managed and carried on:
A. By all
B. By any of them
C. By some of them acting for all
Select the correct answer from the options given below.

• A. A only
• B. B or C
• C. C only
• D. A or B or C

Answer 1

The correct option is D A or B or C

A partnership is an association of two or more individuals who agree to share the profits of a lawful business which is managed and carried on By all or any of them acting for all, option A, B, or C, all the option are correct because it is a legal form of business operation between two or more individuals who share management and profits and entered into an agreement.

Thus the correct answer is D.