Q372
In which of the following cases, a partnership does not exist? 1. Lender of money receiving profits. 2. Servants or agents receiving profits. 3. Widow or child of a deceased partner receiving profits. 4. Seller of goodwill receiving profit.
A.
1, 2 and 3
B.
1, 2 and 4
C.
2, 3 and 4
D.
All of the above
AnswerAnswer: Option D
Solution
Answer: Option D
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