Question:

Which of the following liabilities remains when a minor decides not to become a partner, according to Indian Partnership Act, 1932?

Updated On: Aug 5, 2024

His rights and liabilities as a minor continue up to date on which he gives public notice of his election not to become a partner
His share shall not be liable for any acts of the firm after the date of giving public notice of his election not to become a partner
He shall be entitled to sue the partners for his share of property and profits of the firm
All the above.

Hide Solution

Verified By Collegedunia

The Correct Option is D

Solution and Explanation

The correct option is (D): All the above..

Was this answer helpful?

0

0

Questions Asked in AILET LLM exam

Match the following

I. Arbitration of excepted matters	1. A. Ayyasamy v. A. Paramasivam, (2016) 10 SCC 386
II. Conditional Arbitration Clauses	2. In re - Interplay between Arb Agreements and Stamp Act 2023 INSC 1066
III. Separability of Arbitration Agreement - Kompetenz Kompetenz	3. Vulcan Insurance Co Ltd v. Maharaj Singh and Anr (1976) 1 SCC 943
IV. Arbitrability of fraud	4. Mitra Guha Builders (India) Co v. ONGC (2020) 3 SCC 222

Select the correct option

AILET LLM - 2025
Arbitration Law

Match the following

I. Uti Possidetis	1. Principle in customary international law providing that where there has been a fundamental change of circumstances since an agreement was concluded, a party to that agreement may withdraw from or terminate it.
II. Pacta Sunt Servanda	2. Two or more states equally exercise sovereignty with respect to a territory and its inhabitants.
III. Condominium	3. Doctrine that territory remains with the possessor state at the end of war or occupation unless otherwise determined by a treaty or an agreement.
IV. Rebus Sic Stantibus	4. Proposition that treaties are binding upon the parties to them and must be performed in good faith.

Select the correct option:

AILET LLM - 2025
Public International Law

A transfer of property may be made without writing in every case in which writing is not expressly required by law. Which of the following would be such a case?
- AILET LLM - 2025
- Property Law
View Solution

View More Questions