Indian Partnership Act - Study Mode
[#331] Since the partnership property vests in all the partners and every partner has an interest in the property of the partnership, during the subsistence of partnership
Correct Answer
(D) A partner cannot deal with any particular property or any portion of the property as his own
[#332] A, B and C are partners in a firm. C retires and X admitted as a new partner. The firm did not give a public notice on the change but continued its business in its old firm name. Z, a customer of the firm, deals with the firm after the change and the firm becomes indebted to him:
Correct Answer
(A) Z can sue A, B, C and X
[#333] Where under a contract between the partners, the remaining partners have opted to purchase the share of the outgoing partner, the outgoing partner, under section 37(2) of the Act has
Correct Answer
(D) No right to receive share of profits or the interest on the unpaid capital as the same ceases
[#334] Section 22 of the Indian Partnership Act, 1932 is a provision which shows
Correct Answer
(A) How a partner can bind the firm and the rest of the partners of the firm, once his act is within the four comers of his implied authority
[#335] The rule of unanimity contained in section 12(c) of the Indian Partnership Act, 1932 has a reference to
Correct Answer
(A) Fundamental matters