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    Question

    In case of a partnership firm, the office owned by firm

    can be_______.
    A used for business of the firm Correct Answer Incorrect Answer
    B used by any of the partner for personal profit as well Correct Answer Incorrect Answer
    C used by partner for personal profit if he is going to invest the proceeds in partnership firm. Correct Answer Incorrect Answer
    D A and C Correct Answer Incorrect Answer
    E A, B and C. Correct Answer Incorrect Answer

    Solution

    ┬а┬а Indian Partnership Act┬а┬а S.15. APPLICATION OF THE PROPERTY OF THE FIRM. Subject to the contract between the partners, the property of the firm shall be held and used by the partners exclusively for the purposes of the business.

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