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  • Question 1
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    In case of Partnership at Will, Notice of intention to dissolve the Firm may be served by ___________.

  • Question 2
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    The compulsory dissolution of a firm will arise in case of __________.

  • Question 3
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    The Mode of Dissolution of Firm, under Indian Partnership Act, 1932 is______.

  • Question 4
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    After dissolution, the authority to bind the Firm, other mutual rights and liabilities of Partners continue, in so far as may be necessary _____________.

  • Question 5
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    After dissolution of a Firm, any Partner or his representative may restrain any other Partner or his representative from carrying on similar business in the Firm Name or by using Firm's Property for own benefit, until ___________.

  • Question 6
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    A partner cannot demand his proportionate share of premium from other partners at the time of dissolution of firm  __________.

  • Question 7
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    On which of the following grounds, court may dissolve a firm at the suit of a partner?

  • Question 8
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    On a dissolution of a firm the partners selling the goodwill of a firm cannot _____________.

  • Question 9
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    Upon dissolution, which is the proper order for application of the Firm's assets?
    I.     Payment of Debts & Liabilities of the Firm
    II.    Payment of Partner's Loan
    III.  Payment of Partner's Capital
    IV.   Distribution of Surplus to Partners in their Profit Sharing Ratio.

  • Question 10
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    Upon dissolution of Firm, any sum contributed by Partners to make up deficiencies of Capital u/s 48, is considered as ___________.

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