Question

Distinguish between a partnership at will and a particular partnership.

Answer 1

Basis of Distinction	Partnership at Will	Particular Partnership
Definition	A partnership is formed indefinitely; no fixed time or purpose is mentioned at formation.	A partnership formed for a specified time period or for a specific venture.
Duration	It can continue for any length of time, depending on the partners’ will.	Automatically dissolved on the expiry of the specified period or on completion of the specific purpose.
Dissolution	Can be dissolved by any partner giving notice to others of their desire to quit the firm.	Dissolves automatically when the specific time period ends or the purpose is achieved.
Nature of Existence	Indefinite and ongoing until any partner decides to dissolve.	Limited and tied to a particular venture or time frame.