ExamVeda
Login
Home

After the liabilities of the firm to creditors on dissolution have...

This question belongs to Law Indian Partnership Act
Indian Partnership Act
?

After the liabilities of the firm to creditors, on dissolution, have been satisfied, passing the remaining assets not sufficient to repay the capital in full, and one of the partner fails to pay his share on account of his insolvency, the solvent partners are

Answer & Solution
Correct Answer: Option A
Let's discuss the solution. Join the discussion
Examveda
Question posted by Examveda
Community

Join the Discussion

No comments yet Be the first to discuss this question.
Keep Learning

Related Questions on Indian Partnership Act

Section 25 of the Indian Partnership Act, 1932, provides for
A. Liability of the firm for the acts of a partner B. Liability of a partner for the acts of the firm C. Liability of the firm for the wrongful acts of a partner D. Rights of a partner
Where a partner is entitled to interest on the capital subscribed, such interest is payable
A. Out of profits only B. Out of capital if no profits C. Out of capital if losses D. Either (A) or (B) or (C)
Section 44(g) of the Indian Partnership Act, 1932, is to be regarded as
A. Independent of section 44(a) to 44(f) of the Act B. Ejusdem generis with sections 44(a) to 44(f) of the Act C. Either (A) or (B) D. Only (A) and not (B)
Which of the following suits can be maintained by one partner against the other partner during the subsistence of partnership without praying for dissolution
A. Suit in respect of any transaction which forms an item of the partnership account B. Suit for money lent by him to a firm of which he is a member C. Suit for contributions in respect of moneys borrowed by him under an express agreement with them for the purposes of partnership D. All the above
More Related Questions on Indian Partnership Act