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Law · Q101

Indian Partnership Act

Graduate and Post Graduate · Law · question 101

Q101

When the property is purchased out of the partnership funds but in the name of an individual partner, it

A.
Becomes an estate of the partner
B.
Becomes a joint estate
C.
Is a question of fact to be determined with reference to the intention of the partners
Answer
D.
Is a question of law to be decided on legal principles

Answer: Option C

Solution

Answer: Option C
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