Site navigation

Under the Indian Partnership Act, 1932, the receipt of a share of profits of a business by a person:

Explanation 2 to section 6 provides that mere receipt of a share of the profits of a business, or a payment contingent on profits, does not of itself make the recipient a…

Choose your answer

Under the Indian Partnership Act, 1932, the receipt of a share of profits of a business by a person:

Select one answer
Answer and explanation

Correct answer C

Explanation 2 to section 6 provides that mere receipt of a share of the profits of a business, or a payment contingent on profits, does not of itself make the recipient a partner, since the real relation of the parties must still be examined.

Practice for these exams

Related exam syllabi

Related questions in this topic