Indian Partnership Act MCQ question and answer | Law MCQ question Page-2 section-3

Section 1 Section 2 Section 3 Section 4 Section 5 Section 6 Section 7

11.
The liability by holding out is an application of

A. Principle of undisclosed principal

B. Principle of estoppel

C. Principle of equity

D. Principle of agency

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12.
As a general rule

A. A partner can bring an action against the other partner for partnership without praying for dissolution

B. A partner cannot bring an action against the other partner for partnership without praying for dissolution

C. A partner can bring an action against the other partner for partnership accounts without praying for dissolution only With the permission of the court

D. Only (A) and not (B) or (C)

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13.
How a partnership may be dissolved by agreement?

A. With the consent of all the partners

B. With the consent of all but two partners

C. With the consent of majority of partners

D. If any partner gives notice of dissolution

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14.
Under section 30 of the Indian Partnership Act, 1932, a minor

A. Can be admitted to the partnership as a full-fledged partner

B. Cannot be admitted to the partnership at all for want of capacity to contract

C. Can be admitted to the partnership for the benefits only

D. Both (A) and (C)

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15.
A partnership not for any fixed duration is

A. Partnership at will

B. Indissoluble partnership

C. Either (A) or (B)

D. None of the above

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16.
The principle of liability by holding out is contained in

A. Section 28 of the Indian Partnership Act, 1932

B. Section 30 of the Indian Partnership Act, 1932

C. Section 29 of the Indian Partnership Act, 1932

D. Section 27 of the Indian Partnership Act, 1932

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17.
The jural relationship between the partners inter se does not come to an end on

A. Retirement of a partner

B. Dissolution of the firm

C. Both (A) and (B)

D. Neither (A) or (B)

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18.
Whether an act of a partner or agent can be regarded as an 'act of the firm' is a

A. Question of fact

B. Question of law

C. Mixed question of fact & law

D. Either (A) or (C)

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19.
Section 45 of the Indian Partnership Act, 1932 provides for

A. Mode of settlement of accounts between partners

B. Authority of partners for the purposes of winding up

C. Liability for acts of the partners after classification

D. Right of partners to have the business would up after dissolution

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20.
In case of partnership, receivers and managers appointed by the court are

A. Officers of the court and succeed to the personal fiduciary relations of the partners

B. Officers of the court and do not succeed to the personal fiduciary relations of the partners

C. Not officers of the court and succeed to the personal fiduciary relations of the partners

D. Nor officers of the court nor succeed to the personal fiduciary relation of the partners

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Indian Partnership Act MCQ question and answer | Law MCQ question

11. The liability by holding out is an application of

Answer & Solution

12. As a general rule

Answer & Solution

13. How a partnership may be dissolved by agreement?

Answer & Solution

14. Under section 30 of the Indian Partnership Act, 1932, a minor

Answer & Solution

15. A partnership not for any fixed duration is

Answer & Solution

16. The principle of liability by holding out is contained in

Answer & Solution

17. The jural relationship between the partners inter se does not come to an end on

Answer & Solution

18. Whether an act of a partner or agent can be regarded as an 'act of the firm' is a

Answer & Solution

19. Section 45 of the Indian Partnership Act, 1932 provides for

Answer & Solution

20. In case of partnership, receivers and managers appointed by the court are

Answer & Solution

Read More Section(Indian Partnership Act)

11.
The liability by holding out is an application of

12.
As a general rule

13.
How a partnership may be dissolved by agreement?

14.
Under section 30 of the Indian Partnership Act, 1932, a minor

15.
A partnership not for any fixed duration is

16.
The principle of liability by holding out is contained in

17.
The jural relationship between the partners inter se does not come to an end on

18.
Whether an act of a partner or agent can be regarded as an 'act of the firm' is a

19.
Section 45 of the Indian Partnership Act, 1932 provides for

20.
In case of partnership, receivers and managers appointed by the court are