Which Indian Act defines partnership in its section 4?
ASale of Goods Act, 1930
BCompanies Act, 2013
CContract Act, 1872
DPartnership Act, 1932
Answer & Solution
Correct answer: D. Partnership Act, 1932
Section 4 of the Indian Partnership Act of 1932 defines partnership as the relation between persons who agree to share business profits.
Keep practising Partnership Business
Browse all Partnership Business questions for SSC CGL, or explore more Quantitative Aptitude topics.
Related questions
The ratio 4:5 written in the form 1:x isWhich ratio equals 3:2?Reduce the profit ratio 40:60 to its simplest form.The Partnership Act 1932 allows a partnership agreement to beUnder Indian law, a partnership firm isA major disadvantage of a partnership firm in India isIndian courts treat which feature as the real test of a partnership firm?What is the minimum number of partners needed for a partnership firm in India?