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  • Question 1
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    Which of the following Acts are outside the implied authority of a partner?

  • Question 2
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    Which of the act is / are not included in the implied authority of a partner ___________________________________.

  • Question 3
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    The authority of a partner to bind the firm under the Indian Partnership Act is known as _____________.

  • Question 4
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    Partner share profit or loss _______________.

  • Question 5
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    In the case of loss caused to the firm by fraud or misrepresentation made by a partner, the same shall be borne by ______________.

  • Question 6
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    In the case of loss to any party caused by a partner due to negligence or tort the loss shall be borne by ___________________.

  • Question 7
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    A minor partner can sue the partners for accounts or for payment of his share ___________________.

  • Question 8
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    As per section 14 of the Partnership Act,property and rights and interest in property acquired with the money belonging to the firm are deemed to have been acquired to the firm.Are three any exception to this rule ___________________.

  • Question 9
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    XYZ Associates a partnership firm intends to apply a part of its property for benevolent purpose.Is it permissible under the partnership Act.

  • Question 10
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    Subject to the contract between the partners, the property of the firm can be held or used ______________________.

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