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Indian Partnership Act
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Q301

The liability by holding out, in case of retiring partner, continues up to

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Q302

Under sub-section (5) of section 30 of the Indian Partnership Act, 1932, a minor, who has been admitted to the benefits of the firm immediately on attaining majority

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Q303

Liability of the firm for misapplication by partners has been dealt with under

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Q304

Where a partnership firm is constituted a fixed period and after the expiration that term the firm continues to carry business without any agreement

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Q305

For the bar of section 69(2) of the Indian Partnership Act, 1932, not to apply to a suit instituted by a firm against a third party for enforcing the rights arising out of contract, the firm must be a registered firm

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Q306

In Mir Abdul Khalid v. Abdul Gaffar Sheriff & others, AIR 1985 SC 608, a suit for accounts against the retired partner filed beyond three years from the date of dissolution was held to be

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Q307

The test to determine whether the given partnership is a 'partnership at will' and 'whether the partnership could be dissolved by a single partner', has been laid down in

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Q308

Interest on any sum found due to a partner runs from

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Q309

On the dissolution of a partnership firm the partner is the first person who will receive his share capital from the assets of the firm.

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Q310

On expulsion from a partnership, the partner so expelled

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Q311

If an innocent partner seeks dissolution of a firm under section 44(c) of the Indian Partnership Act, 1932, he has to satisfy the court that . . . . . . .

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Q312

Goodwill of a partnership business is the property of the partnership

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Q313

The partnership at will can be dissolved by giving a notice of intention to dissolve the partnership to

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Q314

A corporation can enter into a contract of partnership and become a partner of a firm. The statement is:

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Q315

Section 53 of the Indian Partnership Act, 1932, provides for

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Q316

An express agreement by the creditor to discharge a retired partner and to look only to a continuing partner, for the partnership debts, is

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Q317

A partner can retire by notice of intention to retire, where

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Q318

Under section 55(1) of the Indian Partnership Act, 1932, goodwill can be taken into account

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Q319

Who among the following is a partner?

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Q320

In settling the account of a firm after dissolution, the goodwill shall:

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