Q: What are the minimum and maximum partners according to partnership act, 1932 ?

Ans: The minimum number of partners are two.
The maximum number of partners are 50. Companies Act, 2013( Section 464), Companies Miscellaneous) Rules, 2014( Rule 10) .
All terms can be decided by the partners,  and in absence of any specific term the relevant sections of the Act will apply.
Each partner is the agent of other partner and this relationship is called Principal Agent Relationship ( Joint and Several Liability).

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