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Indian Partnership Act Was Passed in the Year......... - Organisation of Commerce and Management

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MCQ

Indian Partnership Act was passed in the year...............................

Options

  • 1912

  • 1923

  • 1932

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Solution

Indian Partnership Act was passed in the year 1932.  

Explanation: 
The Indian Partnership Act was passed in the year 1932, According according to which  the Indian Partnership Act 1932, “partnership is the relation between two or more persons who have agreed to share the profits of a business carried on by all or any of them acting for all”. 

Concept: Concept of Partnership
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