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A minor who has been admitted to the benefits of the firm, on an application to have the partners of the firm adjudicated as insolvent

A minor who has been admitted to the benefits of the firm, on an application to have the partners of the firm adjudicated as insolvent Correct Answer Cannot be adjudicated as insolvent but his share can be seized by the receiver

Related Questions

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:
Every partner is jointly and severally liable for all acts of the firm. However, a minor can be admitted to the benefits of the firm. Liability of a partner is unlimited and he is personally liable for the acts of the firm. The liability of the minor in case of the acts of the firm is
Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.
Fever in the season of dengue is sending Calcuttans scurrying to hospitals for admission, triggering a shortage of beds that has forced some private health care institutes to even postpone planned surgeries. Apollo Gleneagles Hospitals on the Bypass had 504 patients in its care as on Thursday of whom 70 had been admitted with fever. Belle Vue Clinic had 180 patients, 32 of them with dengue. Calcutta Medical Research Institute had 350 patients 60 of them with fever. The number of people admitted for treatment of fever caused by dengue or any undiagnosed illness has been rising every day across hospitals for more than a fortnight. "There has been heavy pressure on all private hospitals for admission of dengue and cases of unknown fever since the beginning of August. Now it is a surge," said Pradip Tondon, President of the Association of Hospitals of Eastern India. In July, four to five patients were getting admitted with fever on an average in every hospital. The number has since ballooned with the Calcutta Municipal Corporation apparently in denial about the extent of the dengue outbreak and the Government focused on playing down the threat. Such has been the rush of patients with fever that some hospitals are calling up people to postpone admissions planned in advance, mostly for surgeries. "We have told many people to come only when we call them to confirm availability of beds," said an official at Belle Vue.
The rush in hospitals has been rising
Which of the following statements are true?
(1) Minor's contract can be ratified on attaining majority.
(2) Minor's contract cannot be ratified on attaining majority.
(3) Minor's contract can be ratified jointly by both the parties to the contract.
(4) Minor is not liable under minor's contract.
(5) Minor's contract is an enforceable contract.
Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.
Fever in the season of dengue is sending Calcuttans scurrying to hospitals for admission, triggering a shortage of beds that has forced some private health care institutes to even postpone planned surgeries. Apollo Gleneagles Hospitals on the Bypass had 504 patients in its care as on Thursday of whom 70 had been admitted with fever. Belle Vue Clinic had 180 patients, 32 of them with dengue. Calcutta Medical Research Institute had 350 patients 60 of them with fever. The number of people admitted for treatment of fever caused by dengue or any undiagnosed illness has been rising every day across hospitals for more than a fortnight. "There has been heavy pressure on all private hospitals for admission of dengue and cases of unknown fever since the beginning of August. Now it is a surge," said Pradip Tondon, President of the Association of Hospitals of Eastern India. In July, four to five patients were getting admitted with fever on an average in every hospital. The number has since ballooned with the Calcutta Municipal Corporation apparently in denial about the extent of the dengue outbreak and the Government focused on playing down the threat. Such has been the rush of patients with fever that some hospitals are calling up people to postpone admissions planned in advance, mostly for surgeries. "We have told many people to come only when we call them to confirm availability of beds," said an official at Belle Vue.
The Government's "playing down the threat" means
Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.
Fever in the season of dengue is sending Calcuttans scurrying to hospitals for admission, triggering a shortage of beds that has forced some private health care institutes to even postpone planned surgeries. Apollo Gleneagles Hospitals on the Bypass had 504 patients in its care as on Thursday of whom 70 had been admitted with fever. Belle Vue Clinic had 180 patients, 32 of them with dengue. Calcutta Medical Research Institute had 350 patients 60 of them with fever. The number of people admitted for treatment of fever caused by dengue or any undiagnosed illness has been rising every day across hospitals for more than a fortnight. "There has been heavy pressure on all private hospitals for admission of dengue and cases of unknown fever since the beginning of August. Now it is a surge," said Pradip Tondon, President of the Association of Hospitals of Eastern India. In July, four to five patients were getting admitted with fever on an average in every hospital. The number has since ballooned with the Calcutta Municipal Corporation apparently in denial about the extent of the dengue outbreak and the Government focused on playing down the threat. Such has been the rush of patients with fever that some hospitals are calling up people to postpone admissions planned in advance, mostly for surgeries. "We have told many people to come only when we call them to confirm availability of beds," said an official at Belle Vue.
The word 'ballooned' implies
Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.
Fever in the season of dengue is sending Calcuttans scurrying to hospitals for admission, triggering a shortage of beds that has forced some private health care institutes to even postpone planned surgeries. Apollo Gleneagles Hospitals on the Bypass had 504 patients in its care as on Thursday of whom 70 had been admitted with fever. Belle Vue Clinic had 180 patients, 32 of them with dengue. Calcutta Medical Research Institute had 350 patients 60 of them with fever. The number of people admitted for treatment of fever caused by dengue or any undiagnosed illness has been rising every day across hospitals for more than a fortnight. "There has been heavy pressure on all private hospitals for admission of dengue and cases of unknown fever since the beginning of August. Now it is a surge," said Pradip Tondon, President of the Association of Hospitals of Eastern India. In July, four to five patients were getting admitted with fever on an average in every hospital. The number has since ballooned with the Calcutta Municipal Corporation apparently in denial about the extent of the dengue outbreak and the Government focused on playing down the threat. Such has been the rush of patients with fever that some hospitals are calling up people to postpone admissions planned in advance, mostly for surgeries. "We have told many people to come only when we call them to confirm availability of beds," said an official at Belle Vue.
Belle Vue Clinic is the name of
Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.
Fever in the season of dengue is sending Calcuttans scurrying to hospitals for admission, triggering a shortage of beds that has forced some private health care institutes to even postpone planned surgeries. Apollo Gleneagles Hospitals on the Bypass had 504 patients in its care as on Thursday of whom 70 had been admitted with fever. Belle Vue Clinic had 180 patients, 32 of them with dengue. Calcutta Medical Research Institute had 350 patients 60 of them with fever. The number of people admitted for treatment of fever caused by dengue or any undiagnosed illness has been rising every day across hospitals for more than a fortnight. "There has been heavy pressure on all private hospitals for admission of dengue and cases of unknown fever since the beginning of August. Now it is a surge," said Pradip Tondon, President of the Association of Hospitals of Eastern India. In July, four to five patients were getting admitted with fever on an average in every hospital. The number has since ballooned with the Calcutta Municipal Corporation apparently in denial about the extent of the dengue outbreak and the Government focused on playing down the threat. Such has been the rush of patients with fever that some hospitals are calling up people to postpone admissions planned in advance, mostly for surgeries. "We have told many people to come only when we call them to confirm availability of beds," said an official at Belle Vue.
The reason for shortage of beds in hospitals is
A, B and C are partners in a firm. C retires and X admitted as a new partner. The firm did not give a public notice on the change but continued its business in its old firm name. Z, a customer of the firm, deals with the firm after the change and the firm becomes indebted to him:
Where a minor has been admitted to the benefits of the partnership but he does not know that he has been so admitted, the option to stay in the partnership or to move out, on attaining majority under section 30(5) of the Act has to be exercised within