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Question
According to the Partnership Act, the relation of partnership arises from ______ and not from status.
Options
business
statute
contract
consideration
MCQ
Fill in the Blanks
Solution
According to the Partnership Act, the relation of partnership arises from contract and not from status.
Explanation:
The partners of a partnership firm have a contractual relationship for the purpose of making a profit and running a business.
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Partnership Deed
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