Question

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

Q: Answer-In case of a partnership firm, the office owned by firm can be_______.

Indian Partnership Act 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.

can be_______.

A used for business of the firm

B used by any of the partner for personal profit as well

C used by partner for personal profit if he is going to invest the proceeds in partnership firm.

D A and C

E A, B and C.

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SEBI Grade A Legal

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

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