Question
According to Indian Partnership Act, 1932 the mutual
rights and duties of partners in a firm can be determined by:Solution
Section 11 of Indian Partnership Act, 1932 Subject to the provisions of this Act, the mutual rights and duties of the partners of a firm may be determined by contract between the partners, and such contract may be expressed or may be implied by a course of dealing. Such contract may be varied by consent of all the partners, and such consent may be expressed or may be implied by a course of dealing. (2) Notwithstanding anything contained in section 27 of the Indian Contract Act, 1872 (9 of 1872), such contracts may provide that a partner shall not carry on any business other than that of the firm while he is a partner. Â
In a class, the ratio of number of boys to that of girls was 7:6 and total number of boys was 1960. When some more boys joined, the ratio became 8:7. Fi...
- Ratio of number of boys to girls in a school of 840 students is 5:3. Ratio of number of boys who passed to those who failed in an exam is 11:4 whereas rati...
28 percent of a number and 40 percent of another number are in the ratio 7: 8. What is the ratio of 50 percent of the first number to 75 percent of the ...
- Kiran shared 288 toffees among his three friends Sonu, Monu and Tanu in the ratio 2:3:7 respectively. Find how many more toffees Tanu received than Sonu.
- The ratio of science books to literature books in a library is 7:6. If the number of science books was 28 fewer and literature books 14 more, then the numb...
A factory produces three types of products: A, B, and C. Initially, the production ratio of A to B to C is 3:4:5. The total number of products produced ...
- If, ‘x’ varies directly as ‘y’, and when x = 56, y = 28, then find the value of ‘x’, when ‘y’ = 40.
Two partners, X and Y, invested in a business in the ratio of 5:8. After 5 months, X increased his capital by 25%, and 2 months later, he increased it a...
A bag contains coins of ₹2, ₹1 and 50 paise in the ratio 4:6:8. If the total money in the bag is ₹576, how many 50-paise coins are there?
The total number of phones to the total number of laptops in Stores A and B is in the ratio 120:13. Additionally, the number of laptops in Store A to t...