General Nature of Partnership – Test 4

The maximum numbers of partners is mentioned

Under section 28 of the Indian Partnership Act, 1932 the rule of “Partner by holding out” is based on the principle of ____ .

Dormant partner means :

____ is a person who infact is not a partner in the firm but behaves like a partner before X. He is liable to X who has given the credit to firm on the faith of such representation

Mr. Sharma, his wife Mrs. Sharma, a dormant partner and his brother Dinesh have started a firm in partnership. Due to some family problem, Mrs. Sharma quit from firm partnership without giving public notice. Does she liable for subsequent debts incurred by the firm ?

In the absence of an agreement to the contrary, a nominal partner is

In the absence of specific agreement, partner is entitled to interest at the rate of ______ on an advance made for the purpose of business of the firm.

A partnership may be dissolved by an partner by giving a notice to other partner in case of :

A Partnership can be formed in the case of :

True test of partnership is :

A partner who does not contribute to the capital of the firm and does not take active part in the business but allows the firm to use his name in conduct of business, is called as ______ partner .

A, B and C are partners. B took a house on rental basis for the firms business purpose, failed to pay the rent. The land-lord can recover the rent from :

A firm is the name of :

The law relating to partnership firms is contained in :

The Indian Partnership Act came into force on :

A firm is the name of :

The essential elements of Partnership include :

Which of the following is not an essential feature of partnership ?

1. Agreement
2. Registration
3. Test of Mutual agency
4. Separate Legal Entity

The essential elements of a partnership _____ .

Business of the firm must be carried on by :

Agreement to share profits _____ .

For a valid partnership, there must be :

A partnership cannot be formed :

A partnership can be formed :

The case of Cox.v. Hickman, (1860) deals with

Co-ownership necessarily involves :

Who are regarded as partners :

What constitutes dissolution of firm :

Which of the following is not the right of a partner i.e., which he cannot claim as a matter of right ?

The general rights of continuing partners include