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Law · Q571

Indian Partnership Act

Graduate and Post Graduate · Law · question 571

Q571

In which of the following case, the firm cannot be held liable

A.
Where a firm received the sale proceeds of a customer's stock sold by a partner without the customer's consent
B.
Where a partner of a firm of solicitors received money from a client for investment on a specific security and misappropriated it
C.
Where a partner of a firm of solicitors received money from a client for investment generally at his discretion and misappropriates it
Answer
D.
All the above

Answer: Option C

Solution

Answer: Option C
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