Relations of Partners – Test 3

Retiring partner is entitled to profit of the firm :

The balance of Joint Life Policy Account of Partners in a firm show :

A, B, C were partners in a partnership firm. “A paid the liabilities of the firm although he had no authority to do so. What can be the possible action of other partners ?

Robert, who is a sleeping partner in the firm wanted to inspect the books of accounts of the partnership firm due to certain allegations of financial impropriety by some of the partners. The other partners in the firm objected to the same and denied access to books of accounts. The action of the other partners is ____ .

Which of the following is within the implied authority of a partner :

The liability of the new partner in the firm :

Which of the following acts are beyond the scope of “Implied Authority” of a partner ?

A new partner can be admitted in the firm with the consent of :

Which of the following is not a duty of a partner ?

Which one of the following acts is incorrect statement ?

Which one of the following acts is covered under implied authority of a partner ?

A transferred his share of partnership to B. During the continuance of partnership such transferee is not entitled :

A newly admitted partner in a firm is held liable for all acts of the firm done _______ .

A, B,C and D started a business in partnership for importing mobile handsets from foreign ports and selling it in Chattagong. A was well aware of the variation in the prices of cell phones so he made some personal transaction in the name of firm without informing other partners. A is liable :

The amount received by a partnership firm from the Life Insurance Company on the maturity of a Joint Life Policy taken by the firm is shared by the partners in the ratio of

Right of a partner to open a Bank Account on behalf of the firm in his own name is not ______ authority .

A partner can retire :

A firm’s constitution changes in the following cases except :

X, Y and Z are the partners of a firm. X retires without giving public notice of retirement. Y and Z continued the same firm for partnership business and incurred liability towards PDF Ltd. Here :

A partner has executed an agreement for sale of the immovable property of the firm without knowledge to other partner. On what ground the firm shall disown liability ?

Public notice is not required when there is ____ .

In a partnership firm the decision can be made by rule of majority when decision relates to :

Where in a partnership firm the partners are entitled to interest on their capital balance such interest is payable :

A, B and C are partners in a financing firm X, a customer of the firm, deposits certain securities with the firm for safe custody. A and B sell away the securities without the knowledge of C. Who will be liable for damages ?

A partner of a firm can

Under the Indian Partnership Act, 1932 in the absence of any agreement to the contrary, all partners of the firm are :

A share of a partner in a partnership firm :

Which one of the following statement is not correct ?

Which of the following is not a duty of a partner ?

Which of the following acts are beyond the scope of ‘Implied Authority’ of a partner ?