Under which section of the Indian Partnership Act, 1932, definition of partnership defined?
Answer & explanation
Correct answer: option 3
The correct answer is option 3- 4.
Section 4 of the Indian Partnership Act, 1932, defined partnership.
Section 4 of the Indian Partnership Act,1932 defined partnership- " Partnership is the relation between persons who have agreed to share the profits of business carried on by all or any of them acting for all."