Indian Partnership Act - Practice Test

[#431] The implied authority of a partner, under section 19 of the Act does not extend to

(A) Withdrawal of a suit or proceedings filed on behalf of the firm

(B) Submit a dispute relating to the business of the firm to arbitration

(C) Both (A) and (B)

(D) Only (A) and not (B)

Correct Answer

(C) Both (A) and (B)

[#432] Section 14 of the Indian Partnership Act, 1932 is

(A) Exhaustive

(B) Inclusive

(C) Conclusive

(D) Both (A) and (C)

Correct Answer

(A) Exhaustive

[#433] Bar of non-registration of firm under section . . . . . . . . . of Partnership Act does not affect maintainability of petition under section 9 of Arbitration and Conciliation Act

(A) 69

(B) 64

(C) 62

(D) 61

Correct Answer

(A) 69

[#434] Which of the following terms of the original contract do not apply to the partnership continued after the expiration of the original term

(A) A clause giving one partner an option of buying the other's share within three months after the expiration of the partnership by efflux of time

(B) A clause providing for arbitration for resolution of disputes

(C) A clause empowering either partner, if the other neglects the business, to dissolve the partner-ship by notice and purchase his share at a valuation

(D) All the above

Correct Answer

(C) A clause empowering either partner, if the other neglects the business, to dissolve the partner-ship by notice and purchase his share at a valuation

[#435] Can a family business carried on by an undivided Hindu family be called partnership?

(A) Yes it is a partnership as all the members of the family are its members

(B) Yes it is partnership if the intention is to do cooperative business

(C) Yes as they are related to each other

(D) No as the business is not an outcome of an agreement

Correct Answer

(D) No as the business is not an outcome of an agreement

Indian Partnership Act - Study Mode

[#431] The implied authority of a partner, under section 19 of the Act does not extend to

Correct Answer

[#432] Section 14 of the Indian Partnership Act, 1932 is

Correct Answer

[#433] Bar of non-registration of firm under section . . . . . . . . . of Partnership Act does not affect maintainability of petition under section 9 of Arbitration and Conciliation Act

Correct Answer

[#434] Which of the following terms of the original contract do not apply to the partnership continued after the expiration of the original term

Correct Answer

[#435] Can a family business carried on by an undivided Hindu family be called partnership?

Correct Answer