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Law · Q483

Indian Partnership Act

Graduate and Post Graduate · Law · question 483

Q483

The partner's authority to act for the firm and to bind the co-partners under section 47 of the Indian Partnership Act, 1932, continues

A.
So far as it is necessary for the purposes of winding up the affairs of the firm after dissolution
B.
To complete transactions begun, but not finished at the time of dissolution of the firm
C.
Both (A) and (B)
Answer
D.
Only (B) and not (A)

Answer: Option C

Solution

Answer: Option C
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