Question

Name the following:
(a) The partnership which is formed for a particular purpose or for a fixed period.

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Answer 1

Answer:

The Answer is Fixed Partnership.

Explanation:

FIXED TERM PARTNERSHIP is formed for a definite period of time. The partnership comes to an end on a date specified in the partnership deed unless express mention in the contract to the contrary. If the business is continued beyond such expiry period, the partnership is deemed as a partnership at will.

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Answer 2

Answer:

Fixed term partnership.is formed for a definite period of time. The partnership comes to an end on a date specified in the partnership deed unless express mention in the contract to the contrary. If the business is continued beyond such expiry period, the partnership is deemed as a partnership at will.