Question

what are the essential element and feature of partnership

Answer 1

$\huge\underline\mathfrak\green{Hello}$

Essential feature of partnership is :-

•>There must be a contract between two or more persons.

•>There must be mutual agency between the two parties.

•>Sharing of profits is also important in a partnership.

•>Business - Partnership is formed to carry on some business.

The term " business " includes every trade, occupation etc.

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Answer 2

$\huge\underline\mathfrak{Answer♡}$

There are 5 elements which constitute of a partnership namely:

(1) There must be a contract.

(2) between two or more persons.

(3) who agree to carry on a business

(4) with the object of sharing profits.

(5) the business must be carried on by all or any of them acting for all.

$\huge\underline\mathfrak{Thank\:You♡}$