Consider the following statements.
1. Atleast three persons are necessary for forming a partnership.
2. The right to share a profit is full proof of one being a partner.
3. The business of the firm can be conducted even by one partner.
Which of the statement(s) given above is/are correct?

A. Both 1 and 3

B. Only 3

C. All of the above

D. None of the above

Answer: Option C