Question

name the partnership which is created as per the will of the partner explain​

Answer 1

Answer:

A partnership between two people is when they run a business together with the intention of sharing the profits amongst themselves. However, there can be various types of partnerships according to their duration or the intent of their creation. Let us take a look at the kinds of partnerships like a general partnership, partnership at will etc.

The distinction between partnerships can be done on the basis of two criteria. They are as follows

With Regard to the Duration of the partnership – either Partnership at Will or Partnership for Fixed Duration

With regards to the extent of the business carried by the partnership – either General Partnership or Particular Partnership

Explanation:

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