Indian Partnership Act MCQ question and answer | Law MCQ question Page-9 section-5

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81.
An application for rectification of mistake(s) in the document filed with the Registrar of firms, by a firm, under section 64 of the Indian Partnership Act, 1932

A. Has to be signed by all the partners

B. Has to be signed by the majority of the partners

C. Has to be signed by the managing partner only

D. Has to be signed by any partner

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82.
What is a partnership at will?

A. Created under a will by testator

B. Created by consent of all partners

C. Partnership without provision for duration

D. None of the above

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83.
The partner's authority to act for the firm and to bind the co-partners under section 47 of the Indian Partnership Act, 1932, continues

A. So far as it is necessary for the purposes of winding up the affairs of the firm after dissolution

B. To complete transactions begun, but not finished at the time of dissolution of the firm

C. Both (A) and (B)

D. Only (B) and not (A)

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84.
Dissolution of a firm has been defined under

A. Section 39 of the Act

B. Section 38 of the Act

C. Section 41 of the Act

D. Section 40 of the Act

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85.
A partner can transfer his interest in the firm, under section 29 of the Indian Partnership Act, 1932

A. Absolutely

B. By mortgage

C. By the creation of charge

D. Either (A) or (B) or (C)

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86.
The method of retirement of a partner under the Indian Partnership Act, 1932 has been explained in

A. Section 31

B. Section 33

C. Section 34

D. Section 32

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87.
The right to indemnity is lost on

A. The dissolution of the partnership

B. The death of the partner

C. The retirement of the partner

D. Neither (A) nor (B) nor (C)

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88.
What is true about the Indian Partnership Act, 1932 (9 of 1932) after the enactment of the Limited Liability Partnership Act, 2008 (6 of 2009).

A. The Act is not applicable to Limited Liability Partnership Firms

B. The Act is repealed by the Limited Liability Partnership Act, 2008

C. The Act is also applicable to Limited Liability Partnership firms

D. The Act was amended by the Limited Liability Partnership Act, 2008

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89.
Is it necessary to show HUF trading firm in transaction of Bills?

A. No

B. Yes

C. Mandatory

D. Conditionals

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90.
The rule of majority contained in section 12(c) of the Indian Partnership Act, 1932 is applicable in

A. Trivial matters

B. Ordinary matters

C. Fundamental matters

D. All the above

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Indian Partnership Act MCQ question and answer | Law MCQ question

81. An application for rectification of mistake(s) in the document filed with the Registrar of firms, by a firm, under section 64 of the Indian Partnership Act, 1932

Answer & Solution

82. What is a partnership at will?

Answer & Solution

83. The partner's authority to act for the firm and to bind the co-partners under section 47 of the Indian Partnership Act, 1932, continues

Answer & Solution

84. Dissolution of a firm has been defined under

Answer & Solution

85. A partner can transfer his interest in the firm, under section 29 of the Indian Partnership Act, 1932

Answer & Solution

86. The method of retirement of a partner under the Indian Partnership Act, 1932 has been explained in

Answer & Solution

87. The right to indemnity is lost on

Answer & Solution

88. What is true about the Indian Partnership Act, 1932 (9 of 1932) after the enactment of the Limited Liability Partnership Act, 2008 (6 of 2009).

Answer & Solution

89. Is it necessary to show HUF trading firm in transaction of Bills?

Answer & Solution

90. The rule of majority contained in section 12(c) of the Indian Partnership Act, 1932 is applicable in

Answer & Solution

Read More Section(Indian Partnership Act)

81.
An application for rectification of mistake(s) in the document filed with the Registrar of firms, by a firm, under section 64 of the Indian Partnership Act, 1932

82.
What is a partnership at will?

83.
The partner's authority to act for the firm and to bind the co-partners under section 47 of the Indian Partnership Act, 1932, continues

84.
Dissolution of a firm has been defined under

85.
A partner can transfer his interest in the firm, under section 29 of the Indian Partnership Act, 1932

86.
The method of retirement of a partner under the Indian Partnership Act, 1932 has been explained in

87.
The right to indemnity is lost on

88.
What is true about the Indian Partnership Act, 1932 (9 of 1932) after the enactment of the Limited Liability Partnership Act, 2008 (6 of 2009).

89.
Is it necessary to show HUF trading firm in transaction of Bills?

90.
The rule of majority contained in section 12(c) of the Indian Partnership Act, 1932 is applicable in