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Indian Partnership Act
practice.

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Q101

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

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Q102

In respect of a sum of money given by a partner to the firm, in addition to the capital contributions, is a loan to the business which ranks

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Q103

A firm can be held liable for the wrongful act of a partner where the act has been ratified by the partners, provided

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Q104

Under section 7 of the Indian Partnership Act, 1932, partnership at will is subject to

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Q105

Section 19(2) of the Indian Partnership Act, 1932 has

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Q106

In which of the following cases a partnership does not exist?
(1) Lender of money receiving profits.
(2) Servants or agents receiving profits.
(3) Widow or child of a deceased partner receiving profits.
(4) Seller of goodwill receiving profits.

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Q107

In the Indian Partnership Act, 1932, a partner has been described as an agent of the firm for the purposes of the business of the firm, under

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Q108

The members of an illegal partnership

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Q109

Sub-section (2) of section 69 of the Indian Partnership Act, 1932 bars

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Q110

Prior to the Indian Partnership Act, 1932 which came into force from 1^st October, 1932 except section 69 which came into force from 1^st October, 1933, the law of partnership was provided in

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Q111

Sub-section (3) of section 58 of the Indian Partnership Act, 1932, furnishes certain words which

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Q112

Section 31 of the Indian Partnership Act, 1932 is regarding

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Q113

A partnership firm is entitled to enter into a partnership with

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Q114

Who among the following are not the partners?

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Q115

The term 'business' has been defined under

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Q116

If two firms have a common partner, notice which is imputable to one of them is imputable to the other provided

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Q117

Under Section 10, every partner has a duty to indemnify the firm for any loss caused to the firm by his in the conduct of the business of the firm.

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Q118

The 'notice to a partner' as contemplated by section 24 of the Indian Partnership Act, 1932 should relate to

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Q119

Every partner is jointly and severally liable for all acts of the firm. However, a minor can be admitted to the benefits of the firm. Liability of a partner is unlimited and he is personally liable for the acts of the firm. The liability of the minor in case of the acts of the firm is

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Q120

The date of dissolution of a firm where the court orders for dissolution of a firm on the ground of insanity of a partner under section 44(a) of the Act, shall be

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