A partnership for which no period of duration is fixed under the Indian Partnership act, 1932 is known as
Verified Answer
A. Partnership at will
B. Particular partnership
C. Co-ownership
D. General Partnership
Explanation:
Section 7 of the Indian Partnership Act, 1932, defines "Partnership at will." It states that where no fixed period has been agreed upon for the duration of the partnership, or where no provision has been made for the determination of the partnership, the partnership is a "partnership at will."