THE INDIAN PARTNERSHIP ACT, 1932


Q.1. What is the concept with regard to partnership? How old it is?
Q.2. What is the definition of partnership, partner, firm and firm name?
Q.3. Can a partnership be created by status?
Q.4. How do you determine the existence of partnership? 
Q.5. What is a partnership at will?
Q.6. Can there be a partnership between persons in respect of a particular adventure or undertaking?
Q.7. What are the general duties of partners to each other?
Q.8. Is a partner duty bound to indemnify for loss caused by fraud ?
Q.9. How can a partnership be determined?
Q.10. Can the partners put restraints of trade against each other?
Q.11. How the business of the firm is to be conducted?
Q.12. What are the mutual rights and liabilities as between the partners?
Q.13. What would be the property of the firm and it is to be applied?
Q.14. Can partners earn personal profits?
Q.15.

What are the rights and duties of partners after a change in the firm, after the expiry of the term of the firm and where additional undertakings are carried out?

Q.16.

What is the position of a partner with regard to the affairs of the firm in so far as strangers to the firms are concerned? Is he an agent of the firm and if so to what extent?

Q.17. Can the implied authority of the partner be extended or restricted?
Q.18. What are the powers or authority of a partner in an emergency?
Q.19. What is the effect of admissions made by a partner?
Q.20. What is the effect of a notice to acting partner given on account of the firm?
Q.21. How far does the liability of the partner goes for acts of the firm or its partners?
Q.22.

What is holding out and how far does it go to make a person liable as partner though he may not be in fact a partner?

Q.23.

Can a partner transfer his interest in the firm, either absolutely or by mortgage or by creation by him of a charge on such interest and if so, what are the rights of the transferee?

Q.24. What is the position of the minors admitted to the benefits of partnership?
Q.25. How a new partner or partners can be introduced in a firm?
Q.26. How a partner can retire and what are the incidences of such retirement?
Q.27. Can a partner be expelled from the partnership? If so, under what circumstances and to what effect?
Q.28. What is the position that follows if a partner is adjudicated and insolvent?
Q.29. What is the liability of estate of deceased partner?
Q.30. What are the rights of outgoing partner to carry out competing business?
Q.31.

Does an outgoing partner have any rights against the firm to share subsequent profits? If so, under what circumstances?

Q.32.

What happens to the continuing guarantee given to a firm or to a third party in respect of the transactions of a firm in case of change in firm?

Q.33. What is dissolution of a firm?
Q.34. What are the different in which a firm can be dissolved?
Q.35. What is the liability for acts of partners done after dissolution?
Q.36. What is the liability for acts of partners done after dissolution?
Q.37. Do the partners of the firm after its dissolution have continuing authority for purposes of winding up the affairs of the partnership?
Q.38. What is the mode of settlement of accounts between the partners?
Q.39. What are the priorities regarding payment of firm debts and of separate debts?
Q.40. Can the partners use firm name or firm property after dissolution of the firm?
Q.41. Can the goodwill of the firm be sold after dissolution and in course of settlement of accounts?
Q.42. How registration of firms is made and with whom?
Q.43. What is the effect of non-registration of a firm?
Q.44. What is the mode of giving public notice under the act?

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