The essential element of a partnership at will is that:
A. Each partner at his will can choose a business.
B. The partnership deed does not specify the ratio in which profits would be shared
C. No period has been fixed by the partners for its duration
D. Each partner at his will can fix his remuneration.
Answer:C
The essential element of a partnership at will is that:
A. Each partner at his will can choose a business. B. The partnership deed does not specify the ratio in which profits would be shared C. No period has been fixed by the partners for its duration D. Each partner at his will can fix his remuneration.