Indian Partnership Act - Study Mode
[#521] A minor acting through a guardian:
Correct Answer
(C) Can be admitted to the benefit of partnership without personal liability
[#522] Under section 48 of the Indian Partnership Act, 1932, the residue, on the settlement of accounts after dissolution, shall be divided among the partners
Correct Answer
(C) In the proportion of their profit sharing ratio
[#523] Effect of admissions by a partner, has been dealt with under
Correct Answer
(A) Section 23 of the Act
[#524] The revocation of continuing guarantee on the change of constitution of the firm under section 38 of the Act, is in respect of
Correct Answer
(A) Future transactions from the date of change in the constitution of the firm
[#525] A' and 'B', two members of a three member partnership firm, bring a suit for recovery of the debt due from 'X' to the firm, but their firm is not registered on the date of the institution of the suit. The suit
Correct Answer
(C) Is liable to be rejected in view of section 69, Partnership Act