General Nature of Partnership – Test 5

The Indian Partnership Act, 1932 came into force as on

Most essential element of partnership is

According to the Indian Partnership Act, the business means and includes every

Prior to the enactment of the Indian Partnership Act, 1932 the legal provisions of partnership were contained in

The term partnership has been defined under section.

The mode of determining the existence of partnership has been laid down in

The leading case laying down the test for determining the existence of a partnership is

A right to participate in profit is not a conclusive test of partnership was held in

Which of the following is a valid partnership ?

A partnership firm can be

A partnership firm is _______

The relation between partners arise

A firm in the name of

X and Y agree to divide the profits of a business in equal shares but the loss if any, to be born by X alone. The partnership agreements is

X and Y, two brothers buy hundred computer sets agreeing to share the same between them. It is a

The Partnership Act, 1932 has _______ Chapters.

The Partnership Act extends to the whole of India except the state of

Which of the following purpose is permissible in a Partnership ?

Partnership agreements may be

The maximum number of partners is mentioned in

A partnership firm can be in the following form

Partnership is created by ____ between the partners

Sharing of profits implies sharing of losses as well, unless agreed otherwise.

In the absence of agreement to the contrary all partners are

The term “Business” is defined under Sec. the partnership Act.

The real test of existence of Partnership lies in

According to Sec.2(b) of the Partnership Act,”Business” includes

The objective of the Partnership Act, 1932 is to define and amend the law relating to

Section ______ of the Partnership Act, 1932 defines the term “Third party”

If an expression is not defined in the Partnership Act, reference shall be made to