Which of the following is not an essential requisite for creating a partnership as per section 4 of the Partnership Act 1932?

CS CSEET · Business Laws and Management · PYQS · June 2026
Which of the following is not an essential requisite for creating a partnership as per section 4 of the Partnership Act 1932?
(A) An agreement to carry on a business
(B) Sharing of profits
(C) Sharing of losses
(D) Business to be carried by all or any of them acting for all

Answer & Explanation:

Correct Answer: Option (C)

Correct answer: (C) Sharing of losses.

Topics: Indian Partnership Act, 1932

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