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Law · Q357

Indian Partnership Act

Graduate and Post Graduate · Law · question 357

Q357

For constituting a partnership within the meaning of section 4 of the Indian Partnership Act, 1932

A.
The business has to be of permanent nature
B.
The business can be of temporary nature
C.
It is immaterial as to whether the business is of temporary or permanent nature
Answer
D.
Only (A) and not (B)

Answer: Option C

Solution

Answer: Option C
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