Indian Partnership Act - Practice Test

(A) On the date on which order of adjudication in this regard is passed by a court of law

(B) On the date which is agreed by him with other partners for declaring him insolvent

(C) Either (A) or (B)

(D) Both (A) and (B)

(A) On the date on which order of adjudication in this regard is passed by a court of law

(A) When the partners enter into an agreement to create a partnership firm for conduct of a business

(B) When the business of the partnership firm is commenced

(C) Both the conditions are necessary

(D) Neither of the conditions is correct

(A) When the partners enter into an agreement to create a partnership firm for conduct of a business

(A) Section 17 of the Indian Partnership Act

(B) Section 15 of the Indian Partnership Act

(C) Section 13 of the Indian Partnership Act

(D) Section 11 of the Indian Partnership Act

(A) Section 17 of the Indian Partnership Act

(A) The right of the partners to sell the goodwill of the firm

(B) Rights of the buyer and seller of the goodwill

(C) Agreement in restrain of trade upon sale of goodwill

(D) All the above

(B) Rights of the buyer and seller of the goodwill

(A) Immediately on the occurrence

(B) 60 days of the occurrence

(C) 90 days of the occurrence

(D) No time limit prescribed

(D) No time limit prescribed

Indian Partnership Act - Study Mode