Under section 4 of the Indian Partnership Act, partnership is a __________.
A
Compulsory legal relation
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B
Creation of the choice and voluntary agreement between the concerned parties
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C
Relation arising from status
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D
Creation of act of God
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Solution
The correct option is D Creation of the choice and voluntary agreement between the concerned parties Partnership is a creation of the choice and voluntary agreement between the concerned parties, as per the section 4 of the Indian Partnership Act.'