Indian Partnership Act - Study Mode
[#611] . . . . . . . . is not absolved of his liability
Correct Answer
(B) An outgoing partner
[#612] A partner of an unregistered firm cannot sue:
Correct Answer
(D) Both (A) and (B)
[#613] In the absence of any contract/agreement between the partners, the profits and losses would be
Correct Answer
(A) Shared equally among the partners
[#614] Clause (b) of section 19(2) of the Indian Partnership Act, 1932 owes its origin to a declaration made in
Correct Answer
(B) Alliance Bank Ltd. v. Keansley
[#615] If a minor, admitted to the benefits of the firm, on attaining majority, fails to give public notice of his intention to become or not to become a partner, within the prescribed six months, by virtue of proviso to section 30(5) of the Act, he
Correct Answer
(A) Automatically becomes a partner in the firm after the expiry of said six months