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An agreement without mentioning the terms of its existence is dealt under the Partnership Act, 1932 under Section :

  • A.4
  • B.5
  • C.6
  • D.7

Answer: D

The provision is Section 7.

Section 7 of the Indian Partnership Act, 1932 defines a partnership at will: where no provision is made in the contract for the duration of the partnership or for its determination. Such a partnership can be dissolved by any partner giving notice to the others.

Section 4 defines partnership, section 5 says partnership arises from contract and not from status, and section 6 sets out the mode of determining whether a partnership exists.

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