Indian Partnership Act MCQ question and answer | Law MCQ question

Section 69 of the Indian Partnership Act, 1932 is a

Which of the following section contains the modes of dissolution of a firm

It has been held that the words "other proceedings" in section 69(3) of the Indian Partnership Act, 1932, must receive their full meaning untranslated by the words "a claim to set off", the latter words neither intend nor can be centred to cut-down the generality of the words "other proceedings", by the Supreme Court in

A', 'B' and 'C' are partners in a partnership firm named A, B & C. 'A' retires from the firm without giving any public notice. Thereafter, an existing creditor lends Rs. ten lakh to the firm on the basis of his knowledge that 'A', 'B' and 'C' are the three partners in the firm. This amount remains unpaid by the firm. The creditor wants to recover the unpaid loan amount from the firm.

On the death of a partner, by virtue of section 35 of the Indian Partnership Act, 1932, the partnership firm

Under section 4 of the Indian Partnership Act, partnership is a

Where a partner in a firm is adjudicated an insolvent, he ceases to be a partner

In case of a mercantile firm, a partner has an implied authority to borrow, that implied authority to borrow

Foreign Limited Liability Partnership (FLLP) under the Limited Liability Parternship Act, 2008 means

A partner has a right to have access to all the books of accounts etc., of the firm