Unless there is a contract to the contrary, the effect insolvency of a partner is that:

Related MCQs

• Unless there is a contract to the contrary, a firm is automatically dissolved on:
• Unless excluded by an agreement to the contrary, where after a contract has been made but before it has been performed, excise duty is increased
• 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
• An outgoing partner can carry on a competing business and also advertise such business. For this purpose, in the absence of contract to the contrary —
• Are rights under a contract assignable unless the contract is personal in its nature?
• A partner may not be expelled from the firm by any majority of partners unless:
• Where there is a contract for the sale of specific goods, and the goods perish before the making of contract, without the knowledge of the seller, the contract is
• In a contract of sale, unless otherwise stated, there is an implied warranty.
• Where there is a contract for the sale of………………..goods, no property in the goods is transferred to the Buyer, unless and until the goods are ascertained.
• On attaining majority when the minor partner elects not to become a partner, his share is not liable for any acts of the firm done —