Indian Partnership Act - Study Mode

[#196] In India, the liability of a partner is joint and several In
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(C) Contracts and torts

[#197] Chapter 5 of the Indian Partnership Act, 1932 deals with
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(B) Incoming and outgoing partners

[#198] Where under a partnership agreement the goodwill belongs to a partner, after the dissolution, the goodwill
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(B) Shall belong to the same partner and he shall be in the same position as the buyer of the goodwill

[#199] A partnership is partnership at will
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(D) Either (A) or (B) is true

[#200] Section 49 of the Indian Partnership Act, 1932 lays down the rule that in cases of firm debts and the separate debts of a partner
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(A) The partnership property shall be applied first in payment of firm debts and the separate property of a partner shall be applied first in payment of his separate debts