Bissoy.com
Doctors Medicines MCQs Q&A

In cases, where there is an agreement to purchase the share of a partner, the value of the share of the outgoing partner or retiring partner shall be ascertained on the basis of

In cases, where there is an agreement to purchase the share of a partner, the value of the share of the outgoing partner or retiring partner shall be ascertained on the basis of Correct Answer Value of share on the date of retirement

Related Questions

Under section 37(2) of the Indian Partnership Act, 1932, on exercise of option to purchase the share of the outgoing partner under an agreement between the partners resulting in the right of the outgoing partner to receive the share of profits or interest on the unpaid capital to cease, such right of the outgoing partner
Where under a contract between the partners, the remaining partners have opted to purchase the share of the outgoing partner, the outgoing partner, under section 37(2) of the Act has
In a fruit market there is a discount on apples and pineapples. Therefore, 30 percent of the public purchase pineapples whereas 60 percent of the remaining purchase apples. The left out people purchase other fruits. If the difference between the number of persons who purchase pineapple and those who purchase other fruits is 600, then how many persons came to purchase fruit in the market? 
When the firm is named after the retiring partner, the retiring partner has a right to
Where the partnership business is carried on by the other partners after the outgoing of a partner, without a final settlement of accounts, under section 37 of the Act, the outgoing partner is entitled to a share of profits
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 outgoing partner, where the partnership business is continued by other partners without a final settlement of accounts, under section 37 of the Act, the outgoing partner is entitled to interest on the unpaid capital, at the rate of
Where on the outgoing of a partner, other partners continue in business without a final settlement of accounts, under the scheme of section 37 of the Indian Partemership Act, 1932 the outgoing partner is entitled to
In the absence of an agreement retiring partners share in the firm will be purchase by the remaining partners in the
A Financial Institution institutes a suit for re-possession of a vehicle subject matter of Hire Purchase Agreement with the defendant and for recovery of hire charges. The Hire Purchase Agreement produced by the plaintiff along with the plaint contains an arbitration clause for reference of such claims to arbitration of a reputed named advocate. The court shall: