The relation of partnership arises from contract and not from status and in particular the Indian Partnership Act does not apply to the family business carried on by:

Related MCQs

• The unrepealed provisions of the Act shall continue to apply to firms, save insofar as they are inconsistent with the express provisions of the Partnership Act.
• Under section 4 of the Indian Partnership Act, 1932, partnership is a:
• A partnership for which no period or duration is fixed under the Indian Partnership Act is known as :
• For constituting a partnership within the meaning of section 4 of the Indian Partnership Act,1932.
• Where no time is expressly stated for its duration and there is no contract to fix the duration, the partnership may be terminated at a moment's notice by the other party. This partnership is called -
• Sections 4 and 5 of the Indian Contract Act provide for communication of offer and acceptance and revocation thereof. In this relation, which one of the following is not correct?
• If any event happens which makes it unlawful for the business of the firm to be carried on or for the partners to carry it on it partnership, then
• The term 'partnership' has been defined under…………of the Partnership Act, 1932:
• Which of the following types of contracts are generally termed uberrimae fidei contracts? 1. Insurance contracts. 2. Contract for purchase of car. 3. Partnership contracts. 4. Quasi-contract. Select the correct answer using the code given below:
• Under Section 36 of this Act an outgoing partner may carry on business competing with that of the firm and he may advertise such business, but, subject to contract to the contrary he may not