The relationship which subsists between between two or more persons carrying on a business with a view to profit" is
Answer Details
The relationship which subsists between two or more persons carrying on a business with a view to profit is called a partnership. In a partnership, the individuals combine their skills, resources, and expertise to run a business together and share the profits and losses according to a pre-agreed ratio. A partnership is a form of business ownership that allows individuals to pool resources and share risks, making it an attractive option for small businesses or those starting out with limited capital. Partnerships can be general, where all partners share equal responsibility and liability, or limited, where one or more partners have limited liability for the business's debts and obligations.