Q660
A firm is liable for the misapplication by a partner, under section 27 of the Indian Partnership Act, 1932, where
A.
The property is received by the firm in the course of its business and the property is misapplied by any partner
AnswerB.
The property is received by a partner within or without his apparent authority
C.
Both (A) and (B)
D.
Neither (A) nor (B)
Answer: Option A
Solution
Answer: Option A
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