Every partner is bound to attend ….. to his duties, in the conduct of the business.
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Question 3 of 25
3. Question
1 points
In the absence of an agreement to the contrary, every partner is bound to share losses-
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Question 4 of 25
4. Question
1 points
Property of the firm shall be held by use of partners……
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Question 5 of 25
5. Question
1 points
Every partner is bound to indemnif the firms for any loss caused by …… in the conduct of the business.
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Question 6 of 25
6. Question
1 points
For loss caused to the firm by his fraud in the conduct of business, every partner shall ……..
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Question 7 of 25
7. Question
1 points
….. can assign or transfer his partnership interest to any other person, so as make him a partner in the business.
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Question 8 of 25
8. Question
1 points
Which of the following statement is correct in relation to assignment of profit by partner?
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Question 9 of 25
9. Question
1 points
Every partner is an agent of the …. for the purpose of the business of the firm.
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Question 10 of 25
10. Question
1 points
Every partner is an agent of the firm and of other partners for-
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Question 11 of 25
11. Question
1 points
The acts of every partner who does any act for carrying on in the usual the business of the kind carried on by the firm bind the firm and his partners unless:……
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Question 12 of 25
12. Question
1 points
Authority of partner may be ……
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Question 13 of 25
13. Question
1 points
Authority is said to be express when it is given by words,…
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Question 14 of 25
14. Question
1 points
Where authority of a partner is conferred by mutual agreement, it is called as-
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Question 15 of 25
15. Question
1 points
The implied authority of a partner is also known as –
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Question 16 of 25
16. Question
1 points
Where authority of a partner is not conferred by mutual agreement, but acts of partner which are excised in ordinary course of business and which bind the firm are known …… of partner.
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Question 17 of 25
17. Question
1 points
Which of the following conditions necessary for the exercise of implied authority?
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Question 18 of 25
18. Question
1 points
To bind the firm under implied authority, the act must be done in the …….. of carrying on the firm’s business.
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Question 19 of 25
19. Question
1 points
Nithin, a partner of a firm dealing in computers gives an order for wine worth 10,000 in firm’s name. Discuss the liability?
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Question 20 of 25
20. Question
1 points
Which of these acts falls outside the implied authority?
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Question 21 of 25
21. Question
1 points
Which of the following act falls out side the implied authority?
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Question 22 of 25
22. Question
1 points
Which of the following act fall out side the implied authority?
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Question 23 of 25
23. Question
1 points
Which of the following act is within the implied authority?
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Question 24 of 25
24. Question
1 points
Which of the following act is within the implied authority?
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Incorrect
Question 25 of 25
25. Question
1 points
Which of the following act is within the implied authority?
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