Q7
Under section 49 of the Indian Partnership Act, 1932
A.
The partnership property can be applied for payment of separate debts of a partner
B.
The share of the partner in the partnership property can be applied for payment of separate debts of a partner
C.
The share of the partner in the partnership property, after payment of firm debts, shall be applied for payment of separate debts of a partner
AnswerD.
The share of the partner in the partnership property, after the payment of firm debts, shall not be paid to the partner if there are separate debts of the partner
Answer: Option C
Solution
Answer: Option C
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