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 of the above

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

Partnership at will under Section 7 of Partnership Act requires: (1) no fixed period for duration, AND (2) no provision for determination in agreement. Both conditions must be satisfied. The question correctly identifies that both elements are essential.

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