Multiple choice

Partnership in which the partners do not fix any term and are free to break their relationship at their will is known as partnership at will. The statement is

  1. true

  2. false

  3. partly true

  4. None of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Option (1) is correct: Under Section 7 of the Partnership Act, 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.

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