Indian Partnership Act - Study Mode
[#136] Where the arbitration clause in a partnership agreement provides that the question whether the partnership should be dissolved, is to be decided by the arbitrator, a suit for dissolution of partnership under section 44(g) of the Act
Correct Answer
(B) The court has the discretion to stay or not to stay the suit
[#137] An act done by a partner on behalf of the firm beyond the implied authority
Correct Answer
(C) Either (A) or (B)
[#138] In the absence of any contract between the partners with regard to their mutual rights and liabilities, the mutual rights & liabilities of partners would be as give under
Correct Answer
(A) Section 12 to 17
[#139] Under Indian Partnership Act, 1932, a partnership does not work under the principle of . . . . . . .
Correct Answer
(D) Limited liability
[#140] Sub-section (3) of section 58 of the Indian Partnership Act, 1932, furnishes certain words which
Correct Answer
(C) Which the firm name shall not contain without the written consent of the State Government