What is Partnership Deed? What are elements of Partnership Deed??
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Explanation:
Thus as per the above definition, 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 and (5) the business must be carried on by all or any of them acting for all.
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1
Answer:
Thus as per the above definition, 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.
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