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CBSE Class 11-commerce Answered

If two dacoits sign an agreement to operate together and share the loot, is it a partnership? Give reason
Asked by bhardwajaakash9212 | 20 Jun, 2019, 07:30: PM
answered-by-expert Expert Answer

The agreement between two dacoits to operate together and share the loot cannot be considered as a valid partnership due to the following reasons:

  • According to the Indian Partnership Act, 1932, the agreement entered into by the partners must be for a lawful purpose.
  • In the above case, the agreement is entered into by dacoits to operate together and share a loot, which is illegal under law and cannot be termed as lawful purpose.
  • Hence, such kind of partnership will be not be valid under the Indian Partnership Act, 1932.
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