Indian Partnership Act - Study Mode
[#296] Liability on holding out is incurred where
Correct Answer
(C) Both (A) and (B)
[#297] Clause (e) of section 44 of the Indian Partnership Act, 1932, covers cases of
Correct Answer
(C) Both (A) and (B)
[#298] Which of the following is the duty of a partner? 1. Duty of absolute good faith 2. Duty to render the true account 3. Duty not to compete 4. Proper use of property
Correct Answer
(D) All of the above
[#299] Where a retiring partner has agreed with his co-partners, under which he is released from liability for outstanding debts, his liability to the creditors
Correct Answer
(B) Still remains
[#300] Under the scheme of section 36 of the Indian Partnership Act, 1932, an outgoing partner, in the absence of any agreement to the contrary, has
Correct Answer
(A) A right to carry on business competing with that of the firm