ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

  • google app store apple app store
  • тЬЦ

      Question

      After dissolution every partner has a right to

      restrain___
      A Use of firm name Correct Answer Incorrect Answer
      B Use of firm name in carrying out any business Correct Answer Incorrect Answer
      C Partner who has purchased good will also cannot use firm name Correct Answer Incorrect Answer
      D A and B Correct Answer Incorrect Answer

      Solution

      ┬а S. 53 RIGHT TO RESTRAIN FROM USE OF FIRM-NAME OR FIRM-PROPERTY. After a firm is dissolved, every partner or his representative may, in the absence of a contract between the partners to the contrary, restrain any other partner or his representative from carrying on a similar business in the firm-name or from using any of the property of the firm for his own benefit, until the affairs of the firm have been completely wound up : Provided that where any partner or his representative has brought the goodwill of the firm, nothing in this section shall affect his right to use the firm-name.

      Practice Next
      More Administrative Interpretation and Maxims Questions

      Relevant for Exams:

      ask-question