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Indian Partnership Act
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Q401

Where a firm is carrying on more than one type of business, under the proviso to section 41(b) of the Act, the firm escapes compulsory dissolution if

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Q402

'Notice to a partner is a notice to the firm' has been provided under

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Q403

Which of the following amounts to enforcement of a right, by a partner of an unregistered firm, arising out of a contract between the parties

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Q404

The liability of holding out is based upon the legal principle of

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Q405

Partnership as defined in the Indian Partnership Act, is the relation between persons who have agreed to share the . . . . . . . . of a business carried on by all or any of them acting for all.

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Q406

On the death of a partner, public notice of death is not given and the firm continues the business, then for the acts of firm done after his death, the estate of the deceased partner is

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Q407

Which of the following is a strong but not sufficient test of partnership

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Q408

Reconstitution of a partnership firm means and implies that

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Q409

Subject to the contract between the partners, the property of the firm shall be:

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Q410

On the death of a sole proprietor, his heirs automatically become the partners of old firm. The statement is

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Q411

Which of the following section of Indian Partnership Act. 1932 deals with the doctrine of 'Holding Out'

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Q412

Under section 37(2) of the Indian Partnership Act, 1932, on exercise of option to purchase the share of the outgoing partner under an agreement between the partners resulting in the right of the outgoing partner to receive the share of profits or interest on the unpaid capital to cease, such right of the outgoing partner

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Q413

A partnership contract based on fraud or misrepresentation is

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Q414

A minor who has been admitted to the benefits of the firm, on an application to have the partners of the firm adjudicated as insolvent

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Q415

According to section 26 of the Indian Partnership Act the firm would be vicariously liable for the wrongful acts ofomission of a partner provided it is

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Q416

Under the proviso to section 50 of the Indian Partnership Act, 1932, the purchase of the goodwill of the firm, on dissolution

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Q417

An act done by a person on behalf of the firm beyond the implied authority

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Q418

Notice to a partner', under section 24 of the Indian Partnership Act, 1932 does not operate as 'notice to the firm' in case

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Q419

A receiver of the insolvent partner's property in the partnership

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Q420

Every Limited Liability Partnership as per the Limited Liability Partnership Act, 2008 shall have at least two Designated Partners (DPs) who are individuals and

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