Partnership Act Quiz

Which section of the Partnership Act states that English principles of law will continue to be used in Malaysia?

• Section 3

• Section 47(1)

• Section 4

• Section 14

According to Section 3(1), what is the definition of partnership?

• A type of corporation

• A legal entity

• A relation between persons carrying on a business in common with a view of profit

• A business owned by one person

In the context of partnership, what does the term 'persons' refer to?

• Plural individuals or entities

• Companies only

• Any legal entity

• Individuals only

What is the maximum number of partners allowed in an ordinary partnership according to the Companies Act, 1965?

• Twenty

• No limit

• Fifteen

• Ten

What happens if a partnership has more than twenty members?

• It must dissolve immediately

• It is not recognized as a valid partnership

• It is still recognized as a partnership

• It can operate under special conditions

What is required for a business to be considered a partnership?

• No formal agreement needed

• Sharing of profits only

• Written agreement only

• Participation of all partners

What is the primary motive for a business to be classified as a partnership?

• With a view of profit

• Non-profit motives

• Social responsibility

• Community service

Which of the following does not create a partnership according to Section 4(a)?

• Joint tenancy

• Common property

• Sharing profits

• Written agreements

What is the significance of sharing gross returns in determining partnership?

• It automatically creates a partnership

• It does not create a partnership by itself

• It is the only requirement for partnership

• It is a legal requirement

In which case was it held that a person receiving a share of profits was not a partner?

• Davis v Davis

• Cox v Coulson

• Re Young, ex p Jones

• Abdul Gaffor v Mohamad Kassim