Indian Partnership Act - Study Mode
[#96] An illustration of representation by conduct within the meaning of section 28 of the Indian Partnership Act, 1932, is
Correct Answer
(C) Porter v. Incell
[#97] The distribution of surplus assets of the partnership firm, among the partners amounts to
Correct Answer
(A) Adjustment of the rights of the partners in the assents of the partnership
[#98] A person who has lent money to a person or firm engaged in a business and has agreed to take a proportion of the profits of the business in addition to or in lieu of his interest, does not by that reason alone becomes a partner, in the business, has been laid down in
Correct Answer
(A) Badeley v. Consolidated Bank
[#99] The Goodwill of a firm is stated to be an asset of the firm, in the Indian Partnership Act, 1932, under
Correct Answer
(B) Section 55(1) of the Act
[#100] Can a minor be a partner of a firm
Correct Answer
(B) No but can be admitted to the benefits partnership