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    Question

    According to Indian Partnership Act, 1932 Which of the

    following statements is not true according to the contract between the partners?
    A every partner has a right to take part in the conduct of the business Correct Answer Incorrect Answer
    B every partner is bound to attend diligently to his duties in the conduct of the business Correct Answer Incorrect Answer
    C every partner has a right to have access to inspect and copy any of the books of the firm. Correct Answer Incorrect Answer
    D Only the founding partner has access to inspect and copy any of the books of the firm. Correct Answer Incorrect Answer
    E Nature of the business cannot be changed without the consent of all partners. Correct Answer Incorrect Answer

    Solution

    Section 12 of Indian Partnership Act, 1932 Subject to contract between the partners— (a) every partner has a right to take part in the conduct of the business; (b) every partner is bound to attend diligently to his duties in the conduct of the business; (c) any difference arising as to ordinary matters connected with the business may be decided by a majority of the partners, and every partner shall have the right to express his opinion before the matter is decided, but no change may be made in the nature of the business without the consent of all the partners; and (d) every partner has a right to have access to and to inspect and copy any of the books of the firm.

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