Partnership Act Test -4
Description: Partnership Act Test 4 | |
Number of Questions: 15 | |
Created by: Palash Sundaram | |
Tags: Partnership Act Test 4 Partnership Law |
Which of the following is not a right of a minor partner?
In a partnership, the liability of a partner is
Who among the following cannot become a partner in a partnership firm?
The inclusion of a minor in a partnership firm
A partner is
When a partner in a firm is adjudicated insolvent, he
When a partner agrees to share his profits derived from a firm with a third person, that third person is known as a
The number of partners in a firm carrying a banking business should not exceed
A, B, and C enter into a partnership agreement under which C is not liable for the losses. D filed a suit against A, B, and C. Examine the position of C.
Which of the following is not a consequence of non-registration of a firm?
A partner is _______ for all the acts of a firm done while he is a partner.
On dissolution, the partners remain liable till
A partner can retire
A partner may retire with the consent of
On attaining majority, a minor partner has to decide within ______ whether he shall continue in the firm or leave it.