Multiple choice

The essential elements of a partnership at will are

  1. no period has been fixed by the partners for its duration

  2. there is no provision in the partnership agreement for its determination

  3. both (1) and (2)

  4. none of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A partnership at will exists when two conditions are met: no fixed duration is specified (option A) AND no provision is made for determining the partnership (option B). Both elements must coexist for it to be considered a partnership at will. Option C correctly captures this by selecting both conditions.

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