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CHAPTER9THEINDIANPARTNERSHIPACT1932
Thetermpartnershipastherelationwhichsubsistsbetweenthepersons
carryingonbusinessincommonwithaviewtomakingprofits.
TheessentialelementsofPartnershipinclude
iPartnershipisanassociationoftwoormorepersons
iiTheremustbeanagreemententeredintobyallthepersonsconcerned
iiiThepartnershipisorganizedtocarryonsomebusiness
ivThepersonsconcernedmustagreetoshare.
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