Essay On Partnership Elements And Duties Of Company Directors.

Task 1In the United Kingdom, as per section 1 of the Partnerships Act 1890, partnership is defined as a relationship that exists between persons who carries on business in common with a view of profit. In other words, any person who carries on common business activities with the intention to earn profit is said to have carrying on a partnership form of business. The definition comprises four essential elements, which are as follows:
Relatio…