Vidyalelo
Law · all questions

Indian Partnership Act
practice.

Practice every MCQ with options. Use Show answers when you want the correct option and solution.

664

Questions

22/34

Page

Pick an option on a question to see the right answer and solution.

Dissolution on the happening of contingencies as mentioned in section 42 of the Indian Partnership Act, 1932, is prevented by

Select an option to see the answer and solution.

If suit filed by a firm which is not registered firm on date of filing of suit and also partners not shown in register of firms, suit will be

Select an option to see the answer and solution.

According to Section 44 of the Indian Partnership Act, 1932, the Court may dissolve a firm on the suit of a partner on any of the following grounds:

Select an option to see the answer and solution.

Where there is no assignment of right, title or interest in the earlier firm to the reconstituted firm, the original firm

Select an option to see the answer and solution.

Which one of the following is not correctly matched:

Select an option to see the answer and solution.

Section 7 of the Indian Partnership Act provides for

Select an option to see the answer and solution.

General duties of partners have been laid down in

Select an option to see the answer and solution.

The firm is liable to be compulsorily dissolved under section 41(b) of the Indian Partnership Act, 1932

Select an option to see the answer and solution.

The liability of a minor admitted to the benefits of the partnership, for the acts of the firm, is

Select an option to see the answer and solution.

The liability of the partners for the acts of the firm, under section 25 of the Indian Partnership Act, 1932 is

Select an option to see the answer and solution.

In the absence any contract between the partners, a partner making advance or payment beyond the amount of capital introduced by him, is entitled to interest thereon at the rate of

Select an option to see the answer and solution.

Dissolution of a firm occurs when:

Select an option to see the answer and solution.

The maxim 'socii mei socius meu socius non est' means

Select an option to see the answer and solution.

A partner doing an act on behalf of the firm which he is not authorized to do, it open to the other partners to

Select an option to see the answer and solution.

Where a partner is authorised to recover dues of the partnership and spend the same for the business of the partnership, and if he does not deposit the money so collected in the bank, the partner is

Select an option to see the answer and solution.

If arbitration proceedings commence to adjudicate disputes then question for dissolution of partnership should be settled by arbitrators. The statement

Select an option to see the answer and solution.

Which of the following is not a suit for the realisation of assets of an unregistered dissolved firm

Select an option to see the answer and solution.

Under section 25 of the Indian Partnership Act, 1932, the liability of the partners is joint and several for the acts of the firm

Select an option to see the answer and solution.

Rights of partners to have the business wound up after dissolution has been provided under

Select an option to see the answer and solution.

In case of dissolution by notice under section 43 of the Act, the dissolution of the firm takes effect from the date

Select an option to see the answer and solution.