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define of partnership |
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Answer» The Indian partnership act 1932 defines partnership as a relation between two or more persons who have agreedto share profits by running a business which is carried by all or any one of then acting for all It is a relation between 2 or more persons that have agreed to share profits as well as losses Partnership is the relation between persons who have agreed to share the profit of a business carried on by all or any one of them acting for all |
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