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Law · Q223

Indian Partnership Act

Graduate and Post Graduate · Law · question 223

Q223

A partner appointed as receiver by the court on the usual terms is

A.
Entitled as such to his remuneration and costs out of the assets in his hand, although as a partner, he is in debt and unable to pay
Answer
B.
Entitled as such to his remuneration and costs out of the assets in his hand only if as a partner is not in debt
C.
Not entitled to any remuneration and costs
D.
Not entitled to any remuneration but only costs

Answer: Option A

Solution

Answer: Option A
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