Multiple choice

The law dealing with the partnerships is contained in

  1. The Indian Partnership Act, 1932

  2. The Indian Partnership Act, 1930

  3. The Indian Partnership Act, 1872

  4. The Indian Partnership Act, 2006
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A Correct answer
Explanation

The Indian Partnership Act, 1932 is the specific legislation that governs the formation, operation, and dissolution of partnership firms in India. It came into force on October 1, 1932, and replaced the earlier provisions relating to partnerships that were part of the Indian Contract Act, 1872.

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