Formation and partners - partnership law, Business Law and Ethics

Formation and Partners - Partnership Law

However the Partnership Act does not prescribe rules to the formation of a partnership.  Therefore a partnership may be formed like:

  (a) Orally; one is

  (b) Simply through the actions of the persons concerned whether the y are acting as whereas they were partners; one is

  (c) Through simple agreement in writing; one is

  (d) Through a deed i.e. an agreement under seal, since signed through the persons who agree to become partners also.

Posted Date: 1/22/2013 5:53:59 AM | Location : United States

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