Multiple choice

Partnership arises from

  1. status

  2. contract

  3. operation of law

  4. All of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Option (1) is incorrect: Partnership arises from contract and not from status. Option (2) is correct: U/s 5 of Partnership Act, the relation of partnership arises from contract and not from status. Option (3) is incorrect: HUF or a company arises from operation of law.

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