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

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21.
Expulsion of a partner from partnership without affording him the opportunity of being heard is

A. Valid

B. Voidable at the instance of the expelled partner

C. Voidable at the instance of any copartner

D. Legal

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22.
Under section 18 of the Indian Partnership Act, 1932, partners are the agents

A. Of the firm for business purposes

B. Of the co-partners in individual or personal capacity

C. Of the firm for purposes outside the business

D. Of all (A), (B) and (C)

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23.
A partner appointed as receiver by the court on the usual terms is

A. Entitled as such to his remuneration and costs out of the assets in his hand, although as a partner, he is in debt and unable to pay

B. Entitled as such to his remuneration and costs out of the assets in his hand only if as a partner is not in debt

C. Not entitled to any remuneration and costs

D. Not entitled to any remuneration but only costs

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24.
Under section 36 of the Indian Partnership Act, 1932, the position of a retired partner is

A. The same as that of a seller of goodwill

B. Different from that of a seller of goodwill

C. The same as that of a partner who has died

D. The same as that of a partner who has been adjudicated as insolvent

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25.
Who amongst the following is not liable, in the absence of a public notice of dissolution, under section 45 of the Indian Partnership Act, 1932, after dissolution of the firm

A. Deceased partner

B. Insolvent partner

C. Dormant partner

D. All the above

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26.
Liability of a partner towards third party for the acts done by the other partner in the course of business of the firm is

A. No liability

B. Jointly liable and not severally

C. Jointly and severally liable

D. Liable to the extent of his share

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27.
Where a firm whose proposed name is similar to that of a firm already registered, the registrar of firms

A. Has to refuse registration

B. Cannot refuse registration

C. May refuse registration

D. Has to retum the statement to the party for change of name

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28.
Where a partner in a firm is adjudicated an insolvent, the said partner

A. Ceases to be a partner in the firm

B. Continues to be a partner and his status is that of a retired partner

C. Continues to be a partner and his status is that of a dormant partner

D. Either (A) or (C)

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29.
The implied authority of a partner, under section 19 of the Act does not extend to

A. Withdrawal of a suit or proceedings filed on behalf of the firm

B. Submit a dispute relating to the business of the firm to arbitration

C. Both (A) and (B)

D. Only (A) and not (B)

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30.
Section 14 of the Indian Partnership Act, 1932 is

A. Exhaustive

B. Inclusive

C. Conclusive

D. Both (A) and (C)

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Indian Partnership Act MCQ question and answer | Law MCQ question

21. Expulsion of a partner from partnership without affording him the opportunity of being heard is

Answer & Solution

22. Under section 18 of the Indian Partnership Act, 1932, partners are the agents

Answer & Solution

23. A partner appointed as receiver by the court on the usual terms is

Answer & Solution

24. Under section 36 of the Indian Partnership Act, 1932, the position of a retired partner is

Answer & Solution

25. Who amongst the following is not liable, in the absence of a public notice of dissolution, under section 45 of the Indian Partnership Act, 1932, after dissolution of the firm

Answer & Solution

26. Liability of a partner towards third party for the acts done by the other partner in the course of business of the firm is

Answer & Solution

27. Where a firm whose proposed name is similar to that of a firm already registered, the registrar of firms

Answer & Solution

28. Where a partner in a firm is adjudicated an insolvent, the said partner

Answer & Solution

29. The implied authority of a partner, under section 19 of the Act does not extend to

Answer & Solution

30. Section 14 of the Indian Partnership Act, 1932 is

Answer & Solution

Read More Section(Indian Partnership Act)

21.
Expulsion of a partner from partnership without affording him the opportunity of being heard is

22.
Under section 18 of the Indian Partnership Act, 1932, partners are the agents

23.
A partner appointed as receiver by the court on the usual terms is

24.
Under section 36 of the Indian Partnership Act, 1932, the position of a retired partner is

25.
Who amongst the following is not liable, in the absence of a public notice of dissolution, under section 45 of the Indian Partnership Act, 1932, after dissolution of the firm

26.
Liability of a partner towards third party for the acts done by the other partner in the course of business of the firm is

27.
Where a firm whose proposed name is similar to that of a firm already registered, the registrar of firms

28.
Where a partner in a firm is adjudicated an insolvent, the said partner

29.
The implied authority of a partner, under section 19 of the Act does not extend to

30.
Section 14 of the Indian Partnership Act, 1932 is