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    Question

    Which of the following is the appropriate definition of

    partnership?
    A Relation between persons who have agreed to share the profits of a business Correct Answer Incorrect Answer
    B Persons acting jointly to carry out a trade or an occupation Correct Answer Incorrect Answer
    C All carrying out business or any of them acting for all. Correct Answer Incorrect Answer
    D Relation between persons who have agreed to share the profits of a business, All carrying out business or any of them acting for all. Correct Answer Incorrect Answer

    Solution

    Indian Partnership Act, 1932 S. 4. "Partnership" is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all.

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