For which of the following purpose is partner ship formed?

Related MCQs

• A promises to pay B a sum of money if a certain ship does not return within a year. The ship is sunk within a year. The contract is
• 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 —
• After a firm is dissolved, every partner or his representative may restrain any other partner or his representative from carrying on similar business in the firm's name or by using firm's property for own benefit, until:
• 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:
• Notice to a partner operates as notice to the firm. For such purpose, notice may be given to:
• 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 —
• When the performance of a contract becomes impossible, the purpose which the parties had in mind is frustrated. If the purpose becomes impossible because of supervening event, the promisor is excused from the performance of the contract. This is known as :
• If a partner is adjudicated insolvent which of the following are the consequences?
• Which of the following is not a mode of retirement of partner?
• When goodwill of the firm is sold upon dissolution, and a partner carries on a competing business, which of the following is permissible?