Indian Partnership Act - Practice Test

(A) Public notice

(B) Dissolution of partnership

(C) Non-existence of firm

(D) None of the above

(A) Public notice

(A) The firm is not liable to pay the debt

(B) The firm is liable to pay the debt

(C) The firm is liable only for half of the debt

(D) None of the above

(A) The firm is not liable to pay the debt

(A) Where a firm received the sale proceeds of a customer's stock sold by a partner without the customer's consent

(B) Where a partner of a firm of solicitors received money from a client for investment on a specific security and misappropriated it

(C) Where a partner of a firm of solicitors received money from a client for investment generally at his discretion and misappropriates it

(D) All the above

(C) Where a partner of a firm of solicitors received money from a client for investment generally at his discretion and misappropriates it

(A) The firm should be registered

(B) Person suing should be shown as a partner in the register of firms

(C) The enforcement of a right arising from contract or conferred by the Act

(D) The enforcement of any statutory right

(D) The enforcement of any statutory right

(A) A partner

(B) A third party

(C) All the partners

(D) None of the above

(B) A third party

Indian Partnership Act - Study Mode