New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    As per the Indian Partnership Act notice to a partner

    who habitually acts in the business of the firm operates as notice to the firm, except________________
    A If the partner is a silent partner Correct Answer Incorrect Answer
    B If the notice is related to routine matters Correct Answer Incorrect Answer
    C In the case of a fraud on the firm committed by that partner Correct Answer Incorrect Answer
    D In the case of a fraud on the firm committed with the consent of that partner Correct Answer Incorrect Answer

    Solution

    In the case of a fraud on the firm committed with the consent of that partner, Explanation: Section 24 Notice to a partner who habitually acts in the business of the firm of any matter relating to the affairs of the firm operates as notice to the firm, except in the case of a fraud on the firm committed by or with the consent of that partner. 

    Practice Next