Q129
Liability of the firm under section 27 of the Indian Partnership Act, 1932 arises where
A.
The property is received by a partner acting within his apparent authority and he misapplies it
AnswerB.
The property is received by a partner without his apparent authority and he misapplies it
C.
The property is received by a partner whether within or without his apparent authority and he misapplies it
D.
Neither (A) nor (B)
Answer: Option A
Solution
Answer: Option A
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