Where no provision is made by contract between the partner for duration of partnership or determination of their partnership is called ____________ .
A
Partnership at will
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B
Partnership for fix term
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C
Particular partnership
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D
None
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Solution
The correct option is B Partnership at will In case of Partnership at will, it can be dissolved at any time by any partner without any liability.There is no fixed term/duration of the partnership.
As per the given question, when no provision is made by contract for duration, it clearly refers to Partnership at will.