Indian Partnership Act MCQ question and answer | Law MCQ question Page-8 section-6

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71.
In which of the following case, the firm cannot be held liable

A. Where a firm received the sale proceeds of a customer's stock sold by a partner without the customer's consent

B. Where a partner of a firm of solicitors received money from a client for investment on a specific security and misappropriated it

C. Where a partner of a firm of solicitors received money from a client for investment generally at his discretion and misappropriates it

D. All the above

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72.
Which of the following is not a condition precedent for filing a suit u/s 69 of the Partnership Act?

A. The firm should be registered

B. Person suing should be shown as a partner in the register of firms

C. The enforcement of a right arising from contract or conferred by the Act

D. The enforcement of any statutory right

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73.
A dissolution of a firm can be claimed under Section 44(e) of the Indian Partnership Act, where a partner has transferred his interest in the partnership firm to

A. A partner

B. A third party

C. All the partners

D. None of the above

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74.
The burden of proof that the minor who was admitted to the benefits of partnership, was not so aware, for the purposes of exercising option under section 30(5) of the Act, is on

A. The minor exercising the option on attaining the majority or the guardian of the minor

B. The partners of the firm

C. The creditor seeking recovery of partnership dues

D. Either (A) or (B)

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75.
Under section 44(d) of the Indian Partnership Act, 1932, the wilful and persistent breach of agreement on the part of a partner must relate to the

A. Express contract between the partners

B. Implied duties and obligations

C. Only (A) and not (B)

D. Either (A) or (B)

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76.
Under section 16(b) of the Indian Partnership Act, 1932 a partner is accountable for the profits, to the firm, of a business carried on by him which is

A. Of the same nature as that of the firm but not competing with the firm

B. Competing with that of the firm

C. Either (A) or (B)

D. Only (A) and not (B)

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77.
What type of agreement is used to form a partnership business?

A. Written agreement

B. Oral agreement

C. Written or oral agreement

D. None of them

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78.
According to Section 42 a firm can be dissolved on

A. The expiry of the partnership term or completion of the adventure

B. Death of the partner

C. Insolvency of a partner

D. All of the above

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79.
Which of the following is not an essential feature of partnership?

A. Result of an agreement

B. Organised to carry on business

C. Carried on by all or any of them acting for all

D. Separate legal entity

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80.
A partner has no implied authority

A. To enter into a partnership with other persons in another business

B. To borrow money in caseof commercial firm

C. Either (A) or (B)

D. Neither (A) nor (B)

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Indian Partnership Act MCQ question and answer | Law MCQ question

71. In which of the following case, the firm cannot be held liable

Answer & Solution

72. Which of the following is not a condition precedent for filing a suit u/s 69 of the Partnership Act?

Answer & Solution

73. A dissolution of a firm can be claimed under Section 44(e) of the Indian Partnership Act, where a partner has transferred his interest in the partnership firm to

Answer & Solution

74. The burden of proof that the minor who was admitted to the benefits of partnership, was not so aware, for the purposes of exercising option under section 30(5) of the Act, is on

Answer & Solution

75. Under section 44(d) of the Indian Partnership Act, 1932, the wilful and persistent breach of agreement on the part of a partner must relate to the

Answer & Solution

76. Under section 16(b) of the Indian Partnership Act, 1932 a partner is accountable for the profits, to the firm, of a business carried on by him which is

Answer & Solution

77. What type of agreement is used to form a partnership business?

Answer & Solution

78. According to Section 42 a firm can be dissolved on

Answer & Solution

79. Which of the following is not an essential feature of partnership?

Answer & Solution

80. A partner has no implied authority

Answer & Solution

Read More Section(Indian Partnership Act)

71.
In which of the following case, the firm cannot be held liable

72.
Which of the following is not a condition precedent for filing a suit u/s 69 of the Partnership Act?

73.
A dissolution of a firm can be claimed under Section 44(e) of the Indian Partnership Act, where a partner has transferred his interest in the partnership firm to

74.
The burden of proof that the minor who was admitted to the benefits of partnership, was not so aware, for the purposes of exercising option under section 30(5) of the Act, is on

75.
Under section 44(d) of the Indian Partnership Act, 1932, the wilful and persistent breach of agreement on the part of a partner must relate to the

76.
Under section 16(b) of the Indian Partnership Act, 1932 a partner is accountable for the profits, to the firm, of a business carried on by him which is

77.
What type of agreement is used to form a partnership business?

78.
According to Section 42 a firm can be dissolved on

79.
Which of the following is not an essential feature of partnership?

80.
A partner has no implied authority