Question

Where no provision is made by contract between the partners for the duration of their partnership or for the determination of their partnership, the partnership is called __________.

• A. Partnership at will
• B. Particular partnership
• C. Partnership for fixed duration
• D. None of the above

Answer 1

The correct option is A Partnership at will

A partnership basically refers to the contract between two or more people who have agreed to carry on certain business in order to achieve common goals.

The partnership can be started at the will of the partners where the firm stands dissolved whenever the partners want it to as there is no provision regarding the business duration of the firm. Such a type of partnership is known as partnership at will.