The principle of……….is applicable to partners in a partnership:

Related MCQs

• X, Y and Z are partners in a firm. X, without the authority of Y and Z buys certain shares in his name out of partnership money. Will 'shares' constitute partnership property?
• The partners authority to act for the firm and to bind their co-partners continues even after the dissolution of the firm:
• Where the maximum number of partners in a firm carrying on banking business exceeds ten and in any other firm exceeds twenty, then the partnership becomes a:
• Subject to contract between the partners, and pursuant to section 13 of the Indian partnership, the following statement is correct:
• Dissolution of partnership between all the partners of a firm is called:
• 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
• A partnership may be dissolved by any partner by giving a notice to other partners in case of:
• Identify the incorrect statements: (1) When a firm is constituted for a fixed duration it cannot be dissolved before the expiry of that duration. (2) A partnership at will can be dissolved by the wish of even a single partner. (3) When a partner of a firm becomes lunatic, the firm dissolves automatically. (4) Even after dissolution, partners of a firm continue to be liable for acts of the firm until the affairs of the firm are finally wound up. Code:
• The term 'partnership' has been defined under…………of the Partnership Act, 1932:
• Under section 4 of the Indian Partnership Act, 1932, partnership is a: