Which of the following act is with the implied authority?
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Question 2 of 25
2. Question
1 points
The partners by mutual agreement, can …….the implied authority of any partner.
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Question 3 of 25
3. Question
1 points
The implied authority of any partner may be-
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Question 4 of 25
4. Question
1 points
Where there is no restriction on implied authority, any act done by a partner which falls within his implied authority, binds the firm, except…..
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Question 5 of 25
5. Question
1 points
N & Z are partners in a firm dealing in stationary. N placed order in the firm’s name and on the firm’s letter pad for 10 bags of wheat to be supplied at his residence.
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Question 6 of 25
6. Question
1 points
All partners are liable jointly and severally for all …….. binding on the firm including liabilities arising from contracts well as torts
(Section 25).
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Question 7 of 25
7. Question
1 points
All partners are liable jointly and severally for all acts or omissions binding on the firm including liabilities arising from ….. (Section 25)
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Question 8 of 25
8. Question
1 points
An act to be binding on the firm, it is necessary that the partner doing the act on behalf of the firm must have done that act-
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Question 9 of 25
9. Question
1 points
Every partner is liable for the ……. of the other partners in the course of the management of business.
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Question 10 of 25
10. Question
1 points
As a general rule, an incoming partners is ……. for the debts incurred before he joined the firm as a partner
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Question 11 of 25
11. Question
1 points
As a general rule, an incoming partner is not liable for the debts incurred-
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Question 12 of 25
12. Question
1 points
As a general rule, an incoming partner is not liable for the debts incurred, however, he may liable for past debts if it is agreed between-
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Question 13 of 25
13. Question
1 points
The liability of a new partner generally commences form-
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Question 14 of 25
14. Question
1 points
Where a new partner specifically agrees to bear past liabilities, third parties cannot hold a new partner liable since there is ……
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Question 15 of 25
15. Question
1 points
Where incoming partners specifically agrees to bear past liabilities, he will be liable for such liabilities to –
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Question 16 of 25
16. Question
1 points
An outgoing partner remains liable for the partnership debts-
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Question 17 of 25
17. Question
1 points
An out going partner remains liable for the partnership debts contracted while was a partner. He may however be discharged if it is agreed between –
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Question 18 of 25
18. Question
1 points
Retiring partner continues to be liable for acts of the firm done ……
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Question 19 of 25
19. Question
1 points
Who can give public notice of retirement of partner?
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Question 20 of 25
20. Question
1 points
Where the continuing partners carry on the business of the firm, the outgoing partners whose claim is not settled,
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Question 21 of 25
21. Question
1 points
The estate of a partner who dies, or who becomes insolvent, is not liable for partnership debts contracted …..
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Question 22 of 25
22. Question
1 points
P,Q and R as are in partnership Q dies on 15th June, 2018 which of the following statement is true?
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Question 23 of 25
23. Question
1 points
Dissolution of partnership between all the partners of a firm is called –
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Question 24 of 25
24. Question
1 points
Any change in the relation of partners due to admission, retirement or death of partner is called-
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Question 25 of 25
25. Question
1 points
Business of firms is completely stopped, its assets are realized, liabilities paid off and surplus distributed among partners according to their share in firms’s property.This is known as –
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