MCQs On Indian Partnership Act, 1932

MCQs On Indian Partnership Act, 1932- Our Legal World- Free Law Mock Test, MCQ for Judicial Services, LLM Entrance Exam

1. Where a partnership firm is constituted a fixed period and after the expiration of that term the firm continues to carry business without any agreement

A) the partnership stands extended till the new agreement is made
B) The partnership becomes the partnership at will
C) The partnership becomes illegal
D) the partnership stands dissolved on the date of the expiry of the term and no partnership can be said to be in existence

2. The term notice under section 24 of the Indian Partnership Act, 1932 has a reference to:

a. actual notice
b. constructive notice
c. deemed notice
d. none of the above

3. A dissolution of a firm can be claimed Section 44(e) of the Indian Partnership where a partner has transferred his in the partnership firm to

(a) a partner
b) a third party
(c) all the partners
d) none of the above

4. Which of the following sections of the Indian Partnership Act bestows every partner with the authority of an agent?

(a) Section 17
(b) Section 19
(c) Section 18
(d) Section 20

Also Read: Indian Evidence Act, 1872 | MCQ | Mock Test | Judiciary Exam

5. When a minor, who was admitted to the benefits of Partnership becomes a partner upon attaining the age of majority, his personal liability commences from:

(a) The date of his first admission to benefit of partnership
(b) The date of majority, if he continues in partnership
(c) The date fixed by all the partners
(d) Only his assets or contributions to the partnership is lisble

6. Which one of the following is not correctly matched:

(a) Definition of Partnership – Section 4
(b) Partnership at Will- Section 7
(c) Expulsion of Partner – Section 33
(d) Authority of Partner in Emergency -Section 23

Answer: 1-B, 2-A, 3-B, 4-B, 5-A, 6-D

Also Read: Judiciary Notes- Printed Notes, Handwritten for Judicial Services and UPSC

MCQs On Indian Partnership Act, 1932 Law Notes