The minimum number of persons required to form a partnership is ______.

Two

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Five

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Seven

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Eleven

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Solution

The correct option is B Two
Section 4 of the Indian Partnership Act 1932 defines partnership as the 'relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all'. In order to form a partnership, there should be at least two persons coming together for a common goal.

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