CA Foundation Exam > CA Foundation Questions > A partnership at will is one:a)Which does not...
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A partnership at will is one:
- a)Which does not have any deed
- b)Which does not have any partner
- c)Which does not provide for how long the business will continue
- d)Which cannot be dissolved.
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
A partnership at will is one:a)Which does not have any deedb)Which doe...
Partnership at Will:
A partnership at will refers to a type of partnership in which there is no specific agreement regarding the duration or termination of the partnership. It is a flexible arrangement that allows partners to operate without a predetermined timeline.
Key Points:
- Partnership at will does not have any deed: A deed is a legal document that outlines the terms and conditions of a partnership. In a partnership at will, there is no specific deed governing the partnership.
- Partnership at will does not have any partner: This statement is incorrect. A partnership at will must have at least two or more partners involved in the business.
- Partnership at will does not provide for how long the business will continue: This is the correct answer. In a partnership at will, there is no agreement specifying the duration of the partnership. It can be dissolved at any time by any of the partners without any specific notice or reason.
- Partnership at will cannot be dissolved: This statement is incorrect. A partnership at will can be dissolved by any of the partners at any time, without any specific reason or notice.
Conclusion:
A partnership at will is a type of partnership that does not have a predetermined duration or termination agreement. It allows partners to operate without any specific timeline and provides flexibility in the management of the business.
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A partnership at will refers to a type of partnership in which there is no specific agreement regarding the duration or termination of the partnership. It is a flexible arrangement that allows partners to operate without a predetermined timeline.
Key Points:
- Partnership at will does not have any deed: A deed is a legal document that outlines the terms and conditions of a partnership. In a partnership at will, there is no specific deed governing the partnership.
- Partnership at will does not have any partner: This statement is incorrect. A partnership at will must have at least two or more partners involved in the business.
- Partnership at will does not provide for how long the business will continue: This is the correct answer. In a partnership at will, there is no agreement specifying the duration of the partnership. It can be dissolved at any time by any of the partners without any specific notice or reason.
- Partnership at will cannot be dissolved: This statement is incorrect. A partnership at will can be dissolved by any of the partners at any time, without any specific reason or notice.
Conclusion:
A partnership at will is a type of partnership that does not have a predetermined duration or termination agreement. It allows partners to operate without any specific timeline and provides flexibility in the management of the business.
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A partnership at will is one:a)Which does not have any deedb)Which does not have any partnerc)Which does not provide for how long the business will continued)Which cannot be dissolved.Correct answer is option 'C'. Can you explain this answer?
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A partnership at will is one:a)Which does not have any deedb)Which does not have any partnerc)Which does not provide for how long the business will continued)Which cannot be dissolved.Correct answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A partnership at will is one:a)Which does not have any deedb)Which does not have any partnerc)Which does not provide for how long the business will continued)Which cannot be dissolved.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A partnership at will is one:a)Which does not have any deedb)Which does not have any partnerc)Which does not provide for how long the business will continued)Which cannot be dissolved.Correct answer is option 'C'. Can you explain this answer?.
A partnership at will is one:a)Which does not have any deedb)Which does not have any partnerc)Which does not provide for how long the business will continued)Which cannot be dissolved.Correct answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A partnership at will is one:a)Which does not have any deedb)Which does not have any partnerc)Which does not provide for how long the business will continued)Which cannot be dissolved.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A partnership at will is one:a)Which does not have any deedb)Which does not have any partnerc)Which does not provide for how long the business will continued)Which cannot be dissolved.Correct answer is option 'C'. Can you explain this answer?.
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