Indian Partnership Act - Study Mode
[#281] The outgoing partner, where the partnership business is continued by other partners without a final settlement of accounts, under section 37 of the Act, the outgoing partner is entitled to interest on the unpaid capital, at the rate of
Correct Answer
(A) 6% per annum
[#282] Section 29 of the Indian Partnership Act, 1932, provides for certain rights of the transferee, of the partner's interest, in the firm
Correct Answer
(C) Both (A) and (B)
[#283] Under section 55(1) of the Indian Partnership Act, 1932, the goodwill as an asset of the firm can be sold
Correct Answer
(C) Either (A) or (B)
[#284] The Doctrine of Holding Out is mentioned in:
Correct Answer
(B) Section 28 of the Indian Partnership Act
[#285] Where a contract between the partners provides for the mode of dissolution, and the firm is dissolved in accordance with that subsisting contract, such a dissolution of firm is called
Correct Answer
(A) Dissolution by agreement under section 40 of the Act