Question
Under the Indian Partnership Act, 1932, Section 13, in
the absence of an agreement to the contrary, how should profits be shared among partners?Solution
Section 13 of the Indian Partnership Act, 1932, establishes the default position that all partners are entitled to equal shares in the profits of the firm unless there is an express or implied agreement to the contrary. Notably, unless specifically agreed, partners are not entitled to salary for their work, interest on capital contributions, or remuneration for management, emphasizing partnership as a relationship of mutual trust rather than employment.
Section 144(3) allows the Magistrate to consider the grounds of refusal of a wife to live with her husband, including—
Vested interest is not:
A public servant accepts money through a middleman. According to the PC Act, liability arises if:
If there is any offending part in a statute, then, only the offending part is declared void and not the entire statute. This is the core theme of
In the case of Harvey v. Facey it was held that_______________
Which of the following rules of interpretation is applied when the words of a statute are clear and unambiguous, and there is no need to infer the inten...
According to Section 2(g) of the Code of Civil Procedure, 1908 'judgment' means _______.
Which of the following has divided sources of law into formal and material sources of law?
Under which section it is provided that in all civil proceedings the husband or wife of any party to the suit shall be a competent witness?
Under the Patents Act, 1970, which of the following cannot be patented in India?
