Multiple choice

Partnership is

  1. trust

  2. company

  3. mutual agency

  4. mutual fund
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Option (3) is correct: In determining whether a group of persons is or is not a firm, or whether a person is or is not a partner in a firm, regard shall be given to the real relation between the parties as provided under Section 6 of the Act.

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