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Law · Q650

Indian Partnership Act

Graduate and Post Graduate · Law · question 650

Q650

A retiring partner having purchased his release from the remaining partners

A.
Is liable for the tort or some other wrong committed at the time when he was a member only if the action is instituted before his retirement
B.
Is liable for the tort or some other wrong committed at the time when he was a partner, if the action is instituted and decided before his retirement
C.
Is liable for the tort or some other wrong committed at the time when he was a partner, irrespective of whether the action is instituted before or after his retirement
Answer
D.
Is not liable for the tort or some other wrong committed at the time when he was a member having purchased his release from the remaining partners

Answer: Option C

Solution

Answer: Option C
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