Indian Partnership Act - Study Mode
[#246] The firm is liable to be compulsorily dissolved under section 41(b) of the Indian Partnership Act, 1932
Correct Answer
(B) Where the business of the firm is lawful in the beginning but sub-sequently the business becomes unlawful
[#247] The liability of a minor admitted to the benefits of the partnership, for the acts of the firm, is
Correct Answer
(D) His share in the firm only and not personal
[#248] The liability of the partners for the acts of the firm, under section 25 of the Indian Partnership Act, 1932 is
Correct Answer
(D) Joint and several
[#249] Who among the following appoints the Registrar of Firms in the States?
Correct Answer
(A) Concerned State Government
[#250] The principles governing the relations of partners to third parties, are certained in
Correct Answer
(A) Chapter 4 of the Indian Partnership Act