Law of Partnerships (Indian Partnership Act 1932)
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PREFACE
From ancient ages, the sole proprietorship was the most popular form of business organisation. The dilating scales and augmenting territories of business brought forth the combination of more than one individual into partnering. Partnership facilitated pooling of resources and efforts and gained prevalence over the sole proprietorship. Law of partnerships emerged at such point of time and has now gained the status of one of the very old mercantile laws.
Partnership is, in fact, a rela...






















