Indian Partnership Act - Study Mode
[#26] In partnership, partners liabilities are
Correct Answer
(A) Unlimited
[#27] Dissolution of a firm means
Correct Answer
(C) The dissolution of partnership between all the partners of the firm
[#28] The rights of a partner entitled to rescind a contract of partnership on the ground of fraud or misrepresentation have been prescribed under
Correct Answer
(C) Section 52 of the Act
[#29] Rights of transferee of a partner's interest have been dealt with under
Correct Answer
(D) Section 29 of the Act
[#30] In the absence any contract between the partners, a partner making advance or payment beyond the amount of capital introduced by him, is entitled to interest thereon at the rate of
Correct Answer
(B) 6% per annum