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Standard XII
Accountancy
Question

A particular partnership____________________ .
  1. Is void
  2. Is voidable
  3. Will stand dissolved when the adventure is completed
  4. Should be entered into only between three persons

A
Is void
B
Will stand dissolved when the adventure is completed
C
Should be entered into only between three persons
D
Is voidable
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Solution
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A partnership basically refers to the contract between two or more people who have agreed to carry on certain business in order to achieve common goals. The partnership can be started for a specific purpose or adventure and stand dissolved after the completion of the purpose or adventure. Such a type of partnership is known as particular partnership.

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