Question

Which provision provides that “in determining whether a group of persons is or is not a firm, or whether a person is or is not a partner in a firm, regard shall be had to the real relation between the parties, as shown by all relevant facts taken together”?

• A. Section 6, The Partnership Act, 1932
• B. Section 6, The Limited Liability Partnership Act, 2008
• C. Section 2, The Partnership Act, 1932
• D. Section 2, The Companies Act, 2013

Answer 1

Answer: (A)

Section 6, The Partnership Act, 1932

Answer 2

The correct answer is option (A):Section 6, The Partnership Act, 1932.