Partnership where its duration is fixed and cannot be dissolved by any partner at his will is known ...........

General Accounting Principles Partnership

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Partnership where its duration is fixed and cannot be dissolved by any partner at his will, is known as

Particular partnership

General partnership

Partenership for fixed period

Partnership at will

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Explanation:

Partnership for Fixed Term:

Now during the creation of a partnership, the partners may agree on the duration of this arrangement. This would mean the partnership was created for a fixed duration of time.

Hence such a partnership will not be a partnership at will, it will be a partnership for a fixed term. After the expiration of such a duration, the partnership shall also end.

However, there may be cases when the partners continue their business even after the expiration of the duration. They continue to share profits and there is an element of mutual agency. Then in such a case, the partnership will now be a partnership at will.