question related to partnership

partnership is_
a) company
b) agency
c)mutual agency
d)firm
please answer this question with explaination

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2 Replies

kritika 09 April 2020

mutual agency because in a partnership business every partner is agent of his copartner.definition under section 4 ,itself makes it clear by using expression-"any one of them acting for all".Cox v. Hickman is leading authority which lays the test of partnership which is based on mutual agency nd not mere profit sharing

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N. Sivaprakash, Chennai 984099 (Advocate) 09 April 2020

Its a mutual agency.