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Which of the following statement is incorrect?
A person who receives the profits is always a partner.
A person who receives the profit is not necessarily a partner.
the true test of partnership is the mutual agency i.e., agency relationship among partners.
Registration of partnership deed is optional
The sharing of profits does not of itself establish a partnership, whether or not the persons sharing them have a joint or common right or interest in the business
By: SWAPNIL AGGARWAL ProfileResourcesReport error
kailash chandra
Agreement is not necessary in partnership
manisha choudhay
Option d is also correct
shinde gaurav
Partnership can also come into existence without registration of an agreement under Partnership Act 1932.
Ravi
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