Indian Partnership Act - Study Mode
[#536] The burden of proof that the minor who was admitted to the benefits of partnership, was not so aware, for the purposes of exercising option under section 30(5) of the Act, is on
Correct Answer
(A) The minor exercising the option on attaining the majority or the guardian of the minor
[#537] Under section 44(d) of the Indian Partnership Act, 1932, the wilful and persistent breach of agreement on the part of a partner must relate to the
Correct Answer
(D) Either (A) or (B)
[#538] Under section 16(b) of the Indian Partnership Act, 1932 a partner is accountable for the profits, to the firm, of a business carried on by him which is
Correct Answer
(B) Competing with that of the firm
[#539] What type of agreement is used to form a partnership business?
Correct Answer
(C) Written or oral agreement
[#540] According to Section 42 a firm can be dissolved on
Correct Answer
(D) All of the above