Start learning 50% faster. Sign in now
Get Started with ixamBee
Start learning 50% faster. Sign in nowWhen a partner dies, subject to any contract to the contrary, partnership is dissolved. Section 42 of the Indian Partnership Act, 1932 (“Act”) provides for dissolution of partnership on occurrence of certain contingencies which includes ‘death of the partner’ as one of those contingencies. However, in cases where the terms of the partnership deed are silent on continuation of partnership’s business, a contract to continue the partnership after the death of a partner may be implied from the conduct of the parties. This means that where it is evident that such an intention was present, the nominee or legal representative of the deceased partner can take the place of deceased partner and business of the firm can be continued with the presumption that the partnership was never dissolved on the death of that partner. The above legal position is based on two assumptions- (a) there are more than two partners in the firm, and (b) the legal representatives are interested in taking forward the business of the firm.
Concerning the river Yamuna, which of the following statements is/are incorrect?
1. The river has its source in the Satopanth Glacier.
A plastic park/plant has been established in Uttarakhand at which place?
The Passenger – India Book is written by?
Unicode provides:
The Reserve Bank of India has expanded its foreign ties with which of the following international banks?
Telecom operator Vodafone Idea’s enterprise arm announced the launch of ‘Ready for Next’ programme to help ______ to accelerate their ...
Who has won the Elephant Family Environment Award by the Britain’ king Charles III and the Queen Camilla?
Which of the following metals is naturally found in its pure state in nature?
Company is perpetual or a going concern
How many types of justice, liberty, equality and fraternity in that same order have been mentioned in the preamble of the constitution of India?