Question
According to Indian Partnership Act, 1932 What is the
liability of a retiring partner for acts done by the firm before retirement after an agreement is made by him with third party and the partners of the reconstituted firmSolution
Section 32 of Indian Partnership Act, 1932 A partner may retire— (a) with the consent of all the other partners, (b) in accordance with an express agreement by the partners, or (c) where the partnership is at will, by giving notice in writing to all the other partners of his intention to retire. (2) A retiring partner may be discharged from any liability to any third party for acts of the firm done before his retirement by an agreement made by him with such third party and the partners of the reconstituted firm, and such agreement may be implied by a course of dealing between such third party and the reconstituted firm after he had knowledge of the retirement. (3) Notwithstanding the retirement of a partner from a firm, he and the partners continue to be liable as partners to third parties for any act done by any of them which would have been an act of the firm if done before the retirement, until public notice is given of the retirement: Provided that a retired partner is not liable to any third party who deals with the firm without knowing that he was a partner. (4) Notices under sub-section (3) may be given by the retired partner or by any partner of the reconstituted firm.
Which post-harvest treatment is most effective for extending shelf life of bananas during long-distance transportation?
Which of the following is a biennial crop?
According to extension education principles, indigenous knowledge is important because:
Axenic culture isÂ
Simplest measure of dispersion isÂ
Which one of the following is NOT correctly matched?
Cotton belongs to the family:
Which crop involves the practice of nipping, which entails the removal of the apical bud of young plants, typically done when the plants are 2 to 4 week...
Which of the following is the major anthocyanin responsible for red coloration in rose petals?
In legume crops, symbiotic nitrogen fixation is regulated by the quantity of trace element in soil: