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Law · Q152

Indian Partnership Act

Graduate and Post Graduate · Law · question 152

Q152

Which of the following terms of the original contract do not apply to the partnership continued after the expiration of the original term

A.
A clause giving one partner an option of buying the other's share within three months after the expiration of the partnership by efflux of time
B.
A clause providing for arbitration for resolution of disputes
C.
A clause empowering either partner, if the other neglects the business, to dissolve the partner-ship by notice and purchase his share at a valuation
Answer
D.
All the above

Answer: Option C

Solution

Answer: Option C
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