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Law · Q383

Indian Partnership Act

Graduate and Post Graduate · Law · question 383

Q383

Section 16(a) of the Indian Partnership Act, 1932

A.
Permits a partner to derive any profit for himself from the use of business connection of the firm
B.
Prohibits a partner to device any profit for himself from the use of business connection of the firm
Answer
C.
Partially permits and partially prohibits a partner to devive any profits for himself from the use of business connection of the firm
D.
Either (B) or (C)

Answer: Option B

Solution

Answer: Option B
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