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
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