Indian Partnership Act - Practice Test

(A) Mandatory

(B) Desirable

(C) Not compulsory

(D) Directory

(C) Not compulsory

(A) Is required to be presented personally to the Registrar of firm

(B) Is required to be sent by post

(C) Either (A) or (B)

(D) Only (A) and not (B)

(C) Either (A) or (B)

(A) Impliedly to the transferring partner

(B) Expressly to the transferring partner

(C) Both (A) and (B) are correct

(D) None of above are correct

(B) Expressly to the transferring partner

(A) That every partner may pledge or sell the partnership property

(B) That any partner may admit any liability in a suit against the firm

(C) That every partner may borrow money on account of the partnership

(D) That every partner may engage servants for the partnership business

(B) That any partner may admit any liability in a suit against the firm

(A) The business has to be of permanent nature

(B) The business can be of temporary nature

(C) It is immaterial as to whether the business is of temporary or permanent nature

(D) Only (A) and not (B)

(C) It is immaterial as to whether the business is of temporary or permanent nature

Indian Partnership Act - Study Mode