Examveda

In which of the following cases, a partnership exist:

A. Several persons jointly purchase goods for resale with a view to divide the profits arising from the transaction

B. Persons (co-owners) who join in the purchase of goods for the purpose of dividing the goods themselves

C. A, B and C agreed that each should furnish Rs. 3000 worth of goods to be shipped on a joint venture, the profits to be divided between them according to the amount of their several shipments

D. Two tenants in common of a house let it and divide the rent equally

Answer: Option A


This Question Belongs to Law >> Indian Partnership Act

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