Indian Partnership Act - Study Mode
[#346] If a partner chooses to use any assets of the partnership for his own purpose, it gives rise to
Correct Answer
(A) A civil liability of that partner
[#347] Where no provision is made by contract between the partners for the duration of their partnership, or for the determination of their partnership, the partnership is . . . . . . .
Correct Answer
(A) Partnership at will
[#348] The minimum number of persons required for a partnership is
Correct Answer
(A) Two
[#349] Under section 19(1) of the Partnership Act, 1932, the acts of a partner which are done to carry on, in usual way, business of the kind carried on by the firm
Correct Answer
(A) Binds the firm
[#350] According to Section 11 of the Act, the mutual rights and duties of partners may be determined by
Correct Answer
(A) Contract between the Partners subject to the provisions of the Act