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In which of the following cases a partnership does not exist?
(1) Lender of money receiving profits.
(2) Servants or agents receiving profits.
(3) Widow or child of a deceased partner receiving profits.
(4) Seller of goodwill receiving profits.

In which of the following cases a partnership does not exist?
(1) Lender of money receiving profits.
(2) Servants or agents receiving profits.
(3) Widow or child of a deceased partner receiving profits.
(4) Seller of goodwill receiving profits. Correct Answer All these

Related Questions

In which of the following cases, a partnership does not exist?
1. Lender of money receiving profits.
2. Servants or agents receiving profits.
3. Widow or child of a deceased partner receiving profits.
4. Seller of goodwill receiving profit.
Which of the following are correct regarding rights of partners?
1. A partner has the right to allow the admission of a new partner.
2. Every partner has a right to take part in the management of business.
3. Every partner has a joint ownership of partnership property.
4. Every partner has a right to share the profit not the losses with other partners.
5. Every partner has a right to inspect the books of account and have a copy of the same.
6. In case of emergency, a partner has a right to act as a man of prudence.
Select the correct answer:
A and B are partners sharing profits in the firm in the ratio of 2 : 3. Goodwill appears in the books of firm at Rs. 10,000. C joins the firm for $$\frac{1}{5}$$ share of profits. His share of Goodwill is estimated to be Rs. 15,000. The old partner's account will be credited with Goodwill by
The Propositions are:
(1) Where a partner of a professional business partnership borrows money in the usual and regular course of business stating that the money is to be used for partnership business but misappropriates it, the other partners shall be liable.
(2) Where money has been borrowed by a partner without authority, but has been applied to the legitimate business needs of the firm, the firm is liable.
(3) Where the act is within the scope of the implied authority of a partner, but it has been done by him, to the knowledge of the third party, not for the firm but for his own purposes, the firm is liable.
Which of the following is true in accordance with Indian Partnership Act, 1932 as to the aforesaid propositions?
Rohit borrowed ‘x’ from a money lender and Mohit borrowed ‘x – 5400’ from the same lender. If the money lender offers the money at 15% simple rate of interest and difference between amount of interest returned by Rohit and Mohit after 3 years is ‘0.2025x’, then what is the value of ‘x’?
Which of the following is not an agreement in restraint of trade?
1. A sells the goodwill of his business with an agreement not to carry on a similar business within specified local limits, so long as the buyer carries on a similar business.
2. A sells the goodwill of his business with an agreement not to carry on a similar business within India, so long as the buyer carries on a similar business.
3. A sells the goodwill of his business with an agreement not to practice the same trade for 25 years.
4. A sells the goodwill of his business with an agreement not to engage in any business competing or liable to compete in any way with the business for the time being carried on by the buyer.
A milk seller and a fruit seller are two enemies, jealous from each other’s progress. One day the fruit seller found that the milk seller had mixed 20% water in the milk. Out of fear he replaced one litre of mixture with one litre of pure milk which was worth Rs. 80. Milk seller had 20 litre of mixture initially, but still after fruit seller’s work on his mixture, he was in profit. Find his profit percentage.
Which of the following statements are correct in the context of agents of socialization: (I) The agents or agencies of socialization are those institutions that contribute to the process of socialization of an individual. (II) The secondary agents of socialization include family members and relatives as the child begins to interact with them since his birth. (III) The primary agents of socialization include those institutions which help a child in his socialization in the later years of his life and continue throughout his life.
Five children were administered IQ tests to know their intellectual levels. In the report, pointed out that the child P is less intelligent than the child Q. The child R is less intelligent than the child S. The child Q is less intelligent than the child R and child P is more intelligent than the child T. Which child is the most intelligent?
In a class, five children wrote the aptitude test. In the result report, it was noted that the child A got less marks than the child B. The child C got less marks than the child D. The child B is got less mark than the child C and child A got more marks than the child E. Which child got the second-highest marks?