Bissoy.com
Doctors Medicines MCQs Q&A

The test to determine whether the given partnership is a 'partnership at will' and 'whether the partnership could be dissolved by a single partner', has been laid down in

The test to determine whether the given partnership is a 'partnership at will' and 'whether the partnership could be dissolved by a single partner', has been laid down in Correct Answer Abbot v. Abbot

Related Questions

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:
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?
In a survey of 100 students, it was found that 25 students have enrolled for Navy AA test series, 26 students have enrolled for NDA test series, 26 students have enrolled for Airforce group X test series, 9 students have enrolled for both Navy AA and Airforce group X test series, 11 students have enrolled for both Navy AA and NDA test series, 8 students have enrolled for both NDA and Airforce group X test series whereas 3 students have enrolled in all three test series. Find the number of students who has not enrolled in any of the test series.
Which of the following are the consequences in case of insolvency of partner?
1. The partner adjudicated as insolvent ceases to be a partner.
2. He ceases on the date on which the order of adjudication is made.
3. The firm is dissolved on the date of the order.
4. The estate of the insolvent partner is liable for any act of the firm after the date of the order of adjudication.
5. The firm can be held liable for any acts of the insolvent partners after the date of the order of adjudication.
Select the correct answer:
If a major solar storm (solar flare) reaches the Earth, which of the following are the possible effects on the Earth ? 1. GPS and navigation systems could fail. 2. Tsunamis could occur at equatorial regions. 3. Power grids could be damaged. 4. Intense auroras could occur over much of the Earth. 5. Forest fires could take place over much of the planet. 6. Orbits of the satellites could be disturbed. 7. Shortwave radio communication of the aircraft flying over polar regions could be interrupted. Select the correct answer using the code given below:
In a survey of 100 students, it was found that 25 students have enrolled for Navy AA test series, 26 students have enrolled for NDA test series, 26 students have enrolled for Airforce group X test series, 9 students have enrolled for both Navy AA and Airforce group X test series, 11 students have enrolled for both Navy AA and NDA test series, 8 students have enrolled for both NDA and Airforce group X test series whereas 3 students have enrolled in all three test series. Find the number of students who have enrolled exactly in any two test series.
In a survey of 100 students, it was found that 25 students have enrolled for Navy AA test series, 26 students have enrolled for NDA test series, 26 students have enrolled for Airforce group X test series, 9 students have enrolled for both Navy AA and Airforce group X test series, 11 students have enrolled for both Navy AA and NDA test series, 8 students have enrolled for both NDA and Airforce group X test series whereas 3 students have enrolled in all three test series. Find the number of students who have enrolled in exactly one test series.
Given below are several usages of the anchor tag in HTML. (a) Test (b) Test (c) Test (d)
Read Assertion (A) and Reason (R) and answer using given below:
Assertion (A): Partner of an erstwhile unregistered partnership firm can bring a suit to enforce a right arising out of a contract falling within the ambit of Section 69 of the Indian Partnership Act.
Reason (R): Because Judgement in case of Loonkaran Sethia v. Ivan E. John laid down above judicial principle.
In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the suggested course of action logically follow (s) for pursuing. Statement: Reliance Jio Infocomm, the most recent entrant in India’s telecom service sector, may be more adversely affected by the Supreme Court order curbing the use of Aadhaar than older rivals Vodafone Idea and Bharti Airtel. The apex court order disallowing telcos from using the faster Aadhaar-based verification system could slow the pace of subscriber additions significantly, potentially delaying the company’s plan to acquire a 50% revenue market share. The Mukesh Ambani-owned telco has been adding many more subscribers every month than its rivals.  Courses of action: I. Jio’s gross customer additions could decline in the coming months as the verification process will henceforth be a more cumbersome affair, which could also be a turn-off for potential new users who’ve been lately used to instant connectivity under the Aadhaar-based enrolment mechanism.  II. Customer verification expenses will increase in step with the volume of customer acquisition of telcos and so, stronger the monthly user additions, higher the associated verification costs.  III. The more tedious verification process henceforth is also likely to slow down the processing of porting requests from customers.