Law · Partnership Act
The definition of 'Partnership' given under Section 4 of the Partnership Act, 1932 is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1All of the above
- 2Relation which subsists between persons carrying on a business in common with a view to profit
- 3Relation which subsists between persons who have agreed to combine their property, labour skill in some business, and to share the profits thereof between them
- 4Relation between persons who have agreed to share the profit of a business carried on by all or any of them acting for all✓
Correct answer
Relation between persons who have agreed to share the profit of a business carried on by all or any of them acting for all
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