Indian Partnership Act - Study Mode
[#386] Which one of the following is incorrect? Under the Partnership Act, a minor who has been admitted to partnership when attains majority should adhere to the following:
Correct Answer
(B) Option must be exercised within 2 months on attaining majority
[#387] Under the scheme of the Indian Partnership Act, 1932, the registration of a firm is
Correct Answer
(B) Optional
[#388] In a suit for dissolution and accounts of a firm which carried on business outside India, the relevant date for determining the exchange rate
Correct Answer
(D) Is the date on which the accounts had been closed and the business wound up
[#389] Which of the following is a valid partnership
Correct Answer
(A) Partnership between the Karta of a joint Hindu family in his representative capacity and an individual co-parcener of the same family
[#390] Section 17 of the Indian Partnership Act, 1932 provides for the mutual rights and duties of the partners to remain the same in the event of
Correct Answer
(D) All the above