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Under Section 7, a 'partnership at will' is one where:
AIt is formed for a single venture
BNo fixed period is agreed and no provision is made for its determination
CA fixed period is agreed
DIt cannot be dissolved
Answer & Solution
Correct answer: B. No fixed period is agreed and no provision is made for its determination
A partnership at will exists where neither a fixed duration nor a mode of determination has been provided; any partner may dissolve it by written notice.
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