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Law · Q79

Indian Partnership Act

Graduate and Post Graduate · Law · question 79

Q79

If several persons are partners in a firm and one of them agrees to share the profits devised by him with a stranger, the agreement, as per the law laid down in Murlidhar v. I. T. Commissioner, AIR 1967 SC 383,

A.
Makes the stranger a partner in the original firm
B.
Does not make the stranger a partner in the original firm
Answer
C.
Makes the stranger a partner in the original firm for limited purposes
D.
Makes the stranger a partner in the original firm in case of losses

Answer: Option B

Solution

Answer: Option B
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