Multiple choice

A partnership at will is one where

  1. the duration is not fixed

  2. the duration is fixed

  3. it can be dissolved on the happening of an event

  4. None of these
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A Correct answer
Explanation

Option (1) is correct: Section 7 of the Partnership Act states that 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 partnership at will. Option (2) is incorrect: Duration is not fixed in the case of partnership at will. Option (3) is incorrect: It is a case of particular partnership.

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