A partner has an implied authority to bind a firm by his act if he:

Related MCQs

• 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:
• 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:
• The authority of a partner to bind the firm for his acts as contained in section 19 of the Partnership Act is known as:
• A partner can bind a firm by his act if he:
• The partners authority to act for the firm and to bind their co-partners continues even after the dissolution of the firm:
• The implied authority of any partner is subject to:
• 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 —
• A, B and C are partners of an unregistered firm. D owns this firm ` 1000 on a contract. The firm filed a suit against D the suit is dismissed for non-registration of the firm. The firm is registered later on. In this case which one of the following statements is MOST appropriate.
• When a minor on attaining the age of majority, has elected to become a partner, he becomes personally liable to third parties for all the acts of the firm from the date of his:
• After the registration of a firm, if a partner retires, such a change in the constitution of the firm requires: