Question

There is no provision in the partnership deed regarding the duration of the partnership. This is _______.

• A. partnership at will
• B. partnership for an indefinite period
• C. partnership by estoppel
• D. partnership not recognised by law

Answer 1

The correct option is A partnership at will

When there is no provision in the partnership deed regarding the duration of partnership its is known as partnership at will. It is basically a partnership where partners have not agreed to remain in partnership until a definite fixed term. The partnership can be dissolved at any time without any liability on the partners.