Question

As per the Indian Partnership Act where a firm constituted for a fixed term continues to carry on business after the expiry of that term, the mutual rights and duties of the partners remain the same as they were before the expiry, so far as they may be consistent with the incidents of partnership at will. This provision is designed to ______________

A Encourage firms to continue beyond their fixed term
B Facilitate an easy dissolution of the firm
C Impose additional restrictions on partners after the fixed term
D Preserve the existing rights and duties of partners after the fixed term
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)