Indian Partnership Act - Study Mode

[#151] What is a partnership at will?
Correct Answer

(C) Partnership without provision for duration

[#152] The partner's authority to act for the firm and to bind the co-partners under section 47 of the Indian Partnership Act, 1932, continues
Correct Answer

(C) Both (A) and (B)

[#153] Dissolution of a firm has been defined under
Correct Answer

(A) Section 39 of the Act

[#154] A partner can transfer his interest in the firm, under section 29 of the Indian Partnership Act, 1932
Correct Answer

(D) Either (A) or (B) or (C)

[#155] The method of retirement of a partner under the Indian Partnership Act, 1932 has been explained in
Correct Answer

(D) Section 32