Question

Where there is no provision in the partnership Deed regarding the dissolution of partnership, the firm is
known as .......
(a) Indefinite partnership (b) Partnership at will
(c) General partnership (d) Contingent partnership

Answer 1

Hey mate.......

here is ur answer........

That type of firm is known as General partnership..

option C.

hope it helps♥♥♥

Answer 2

The correct answer is

Where there is no provision in the partnership deed regarding the dissolution of partnership, the firm is known as General Partnership

The arrangement by which two or more persons agree to share in all assets, profits and financial and legal liabilities of a business is known as general partnership.

The partners in general partnership have unlimited liability, that is their personal assets are liable to the partnership's obligations.