1. Facts of the Case ‘A’, one of the partners of a partnership firm, filed a criminal complaint against a person, alleging theft of the […]
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25. ‘A’ and ‘B’ are the Partners in a firm. ‘A’ is the managing partner who managed the fim for 3 years and misappropriated the funds. ‘B’ wanted to file a Suit regarding Settlement of Accounts. Advise B.
1. Facts of the Case 2. Issues in the Case 3. Legal Principles Covered a) Partners’ Duties and Liabilities Application: b) Right to Account and […]
49. What are the various modes for Dissolution of a Partnership Firm?
Understanding Dissolution of Partnership A partnership firm is formed when two or more persons agree to carry on a lawful business and share its profits […]
43. Define “Contract of Partnership” and discuss the important elements for Formation of Partnership.
The Foundation of Partnership Law Business enterprises often need collective effort, shared resources, and mutual trust to succeed. This idea is legally recognized through partnership, […]
40. Explain the Definition and Nature of Partnership and discuss the Rights and Duties of Partners
Understanding Partnership A partnership represents one of the oldest and most widely used forms of business organization. It allows two or more individuals to pool […]
63. Compulsory Dissolution of a Firm.
Meaning of Compulsory Dissolution According to Section 39 of the Indian Partnership Act, 1932, dissolution of a firm means the termination of the relationship between […]
32. Registration of a Firm.
Meaning of Registration of a Firm The Registration of a Firm refers to the process of formally recording the existence of a partnership under the […]
31. Partnership at Will.
Meaning of Partnership at Will A Partnership at Will is a form of partnership where no specific duration of the partnership is fixed, nor is […]