Q.A partnership formed with no fixed duration and no provision made for how it is to be determined is called, under Section 7 of the Act:
(A) A Particular Partnership
(B) A Partnership at Will
(C) A Registered Partnership
(D) A Limited Liability Partnership

Section 7 defines a partnership at will by exactly these two absent features — no fixed duration and no agreed mode of ending it.

Section 7 defines a partnership at will as one where no fixed period has been agreed for its duration, and no provision has been made for how the partnership is to be determined. It can be dissolved at any time by any partner giving written notice under Section 43.

Option-by-option analysis:

• (A) Incorrect — a Particular Partnership (Section 8) is formed for a specific venture or fixed term, the opposite of this fact pattern.
• (B) Correct — this is exactly the Section 7 definition. …