Expiration of the partnership firm

Completion of business

Death or insolvency of a partner

A partner becoming lunatic

None of these

when the firm is not dissolved, then the estate of the deceased partner is not liable for any act of the firm done after his death

the position of a deceased partner is the same as that of insolvent partner

no public notice is required to be given on the death

All of the above

None of these

A contract of partnership cannot be entered into with a minor.

There can be a partnership consisting of all minors.

A minor is not a partner even if he is so described in the agreement.

A minor could be admitted to the benefits with the consent of all the partners.

None of these

B and C alone

B, C and A’s legal heirs

B, C and A’s legal heirs and the estate of A

B, C and A’s estate

None of these

no public notice is needed to terminate his liability

he ceases to be a partner on the date on which the order of adjudication is made, whether or not the firm is thereby dissolved

his position is different from that of a retired or expelled partner

All of the above

None of these

A minor cannot be made liable for losses.

A guardian may accept the benefits of a partnership on behalf of a minor without his knowledge.

A minor cannot inspect the books of accounts.

A minor has the right to sue only for accounts and his share, and not for dissolution.

None of these

Chapter VI

Chapter VII

Chapter VIII

Chapter IX

Provisions for registration of partnership firms are provided in the Registration Act only.

Such option is exercised by giving a public notice.

If he remains silent and fails to give such a notice, then there is a presumption that he wants to be a partner and on the expiry of the 6 months, he shall become a partner in the firm.

If he did not exercise the option, then he will be deemed to become a partner in the firm.

All of the above

No public notice is required according to Section 30 of the Act.

his rights and liabilities shall continue to be those of a minor up to the date on which he gives a public notice

his share shall not be liable for any acts of the firm done after the date of notice

he shall be entitled to sue the partners for his share of the property and profits

All of the above

None of these

he becomes personally liable to third parties for all acts of the firm done since he was admitted to the benefits of partnership

he becomes personally liable to third parties for all the acts of the firm done since the date of his attaining majority

he becomes personally liable to third parties for all the acts of the firm done since the date of his becoming a partner

he does not become personally liable at all to third parties

None of these

may be by words spoken or written or by conduct

should be made by himself or knowingly permitted by him to be made by someone else

should be in the knowledge of the person acting on its faith and believed by him to be true

All of the above

None of these

Right to be a partner in the firm

Right to interfere in the conduct of the business of the firm

Right to inspect the books of the firm

Right to receive the share of profits of the transferring partner

All of the above

realising the assets of the business

paying its liabilities

distributing the surplus, if any, among the partners

All of the above

Both (1) and (2)

A person suing as a partner cannot sue the firm or co-partners.

A partner cannot sue for dissolution of the firm or for accounts of a dissolved firm.

The firm cannot sue a third party to enforce a right arising from a contract.

The firm cannot claim a set off in a proceeding instituted against the firm.

All of the above

For an effective registration, it is not necessary that the firm be a going concern at the time of registration.

A firm may get registered at any time after the creation of partnership.

There is no period of limitation either for the original registration or recording of subsequent changes.

The registration under the Partnership Act involves only the registration of certain particulars as distinguished from the registration of a document under the Registration Act.

None of these