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The relationship of partnership arise from agreement not for status |
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Answer» Partnership is the RESULT of a contract. It does not arise from STATUS, operation of law or inheritance. ... SIMILARLY, the members of a HUF carrying on a family business cannot be CALLED partners for their RELATION arises not from any contract but from status. Thus, a “contract” is the very foundation of partnership.Explanation:MARK ME ON BRAINLIST PLEASE |
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