Consider the following statement(s). |
I. Partnership can be formed with a view to undertake lawful business activity. |
II. The partnership can be formed only for profit motive. |
III. Two persons coming together for charitable purpose will constitute a partnership. |
Which of the statement(s) given above is/are correct? |
A) I and II
B) II and III
C) I and III
D) All of these
Correct Answer: A
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