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Partnership Act Test - 3
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Which of the following partnerships is/are valid?
AnswerClick to flip back
A
Partnership between individual members of one firm and the individual members of another firm
💡 Explanation:
Option (1) is incorrect: Partnership firm is not a legal firm in the eyes of law, so there cannot be a partnership between two partnership firms.
Option (2) is incorrect: There cannot be a partnership with a partnership firm.
Option (3) is correct: Partnership between individual members of one firm and the individual members of another firm is a valid partnership.
Option (4) is incorrect: Option (3) is correct.