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Law · Q658

Indian Partnership Act

Graduate and Post Graduate · Law · question 658

Q658

Which of the following is not an essential requisite for creating a partnership as per Section 4 of the Partnership Act?

A.
An agreement to carryon a business
B.
Sharing of profits
C.
Sharing of losses
Answer
D.
Business to be carried by all or any of them acting for all

Answer: Option C

Solution

Answer: Option C
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