Q366
In which of the following cases, a partnership exist:
A.
Several persons jointly purchase goods for resale with a view to divide the profits arising from the transaction
AnswerB.
Persons (co-owners) who join in the purchase of goods for the purpose of dividing the goods themselves
C.
A, B and C agreed that each should furnish Rs. 3000 worth of goods to be shipped on a joint venture, the profits to be divided between them according to the amount of their several shipments
D.
Two tenants in common of a house let it and divide the rent equally
Answer: Option A
Solution
Answer: Option A
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