If no provision is made in an agreement regarding the duration of partnership ........

General Accounting Principles Partnership

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If no provision is made in an agreement regarding the duration of partnership

Limited liability

Partnership at will

Particular partnership

none

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Explanation:

Where no provision is made by contract between the partners for the duration of their partnership, or for the determination of their partnership, the partnership is partnership at will—Every partner shall indemnify the firm for any loss caused to it by his fraud in the conduct of the business of the firm.

By: SWAPNIL AGGARWAL

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Diksha garg

answer and explanation is not matching.

SWAPNIL AGGARWAL

When there is no provision in the partnership deed regarding the duration of partnership its is known as partnership at will. It is basically a partnership where partners have not agreed to remain in partnership until a definite fixed term. The partnership can be dissolved at any time without any liability on the partners.

Sarita

The answer should be partnership at will , if not then why?

SWAPNIL AGGARWAL