1. Facts of the Case 2. Issues in the Case 3. Legal Principles Covered a) Section 69 of the Indian Partnership Act, 1932 — Effect […]
Tag: Partnership Act
17. X a active partner of a firm with Y and Z. X retires without giving a public notice. Whether X is liable to the creditors to a loan sanctioned after his retirement Decide.
1. Facts of the Case 2. Issues in the Case 3. Legal Principles Covered a) Section 32 of the Indian Partnership Act, 1932 – Retirement […]
4. Raju, a partner of a firm, borrows money on his own credit by giving his own promissory note for the same, but he subsequently uses the proceeds of the note in the partnership concern of his own free will without any reference to the lender to do so. Is the firm liable for the loan?
1. Facts of the Case 2. Issues in the Case 3. Legal Principles Covered a) Partner’s Implied Authority b) Acts Done Beyond Implied Authority c) […]
62. The Property of Firm
Meaning of the Property of the Firm According to Section 14 of the Indian Partnership Act, 1932, the property of the firm refers to all […]