Indian Partnership Act - Study Mode
[#496] A firm consists of X, Y and Z. A who is not a partner, makes a representation to B that he is also a partner and on the faith of this representation B gives credit to the firm.
Correct Answer
(D) Both A and B
[#497] The type of dissolution described under section 42 of the Indian Partnership Act, 1932, is
Correct Answer
(A) Contingent dissolution
[#498] The property of the firm includes all property
Correct Answer
(B) For the purposes or in the course of business of the firm
[#499] The provision related to the liability of a firm for the wrongful acts of for the torts is contained
Correct Answer
(D) Under section 29
[#500] The scope of the apparent authority of a partner is
Correct Answer
(B) Wider than the implied authority