Indian Partnership Act - Study Mode
[#376] Reconstitution of a partnership firm means and implies that
Correct Answer
(B) The firm never became extinct and continued under altered circumstances as to membership
[#377] Subject to the contract between the partners, the property of the firm shall be:
Correct Answer
(A) Held and used by the partners exclusively for the purposes of business
[#378] On the death of a sole proprietor, his heirs automatically become the partners of old firm. The statement is
Correct Answer
(B) False
[#379] The act of a partner within his implied authority must be done
Correct Answer
(B) In a manner expressing or implying an intention to bind the firm
[#380] Under section 28 of the Indian Partnership Act, 1932, which of the following are not liable
Correct Answer
(C) Both (A) and (B)