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The rights and duties of a partner contained in section 12 of the Indian Partnership Act, 1932 are

The rights and duties of a partner contained in section 12 of the Indian Partnership Act, 1932 are Correct Answer Subject to a contrary arrangement between the partners

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?
Which of the following statements regarding the fundamental Duties contained in the Constitution of India are correct? Fundamental duties can be enforced through writ jurisdiction. Fundamental duties have formed a part of the constitution since its adoption. Fundamental duties became a part of the Constitution in accordance with the recommendations of the Swaran Singh Committee. Fundamental duties are applicable only to the citizens of India. Select the correct option-
Consider the following statements:
1. Section 34 of Indian Penal Code requires two persons whereas Section 149 of Indian Penal Code require five persons.
2. Section 34 of Indian Penal Code requires common intention, whereas Section 149 of Indian Penal Code requires common object
3. Section 34 of Indian Penal Code and Section 149 of Indian Penal Code both require presence of a prior consent
4. Section 34 of Indian Penal Code and section 149 of Indian Penal Code. Both create specific offence
Which of the above statements are correct?
The principles contained in section 37 of the Indian Partnership Act, 1932, apply where a partner ceases to be a partner by
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
For holding the firm liable for the wrongful acts of a partner, under section 26 of the Indian Partnership Act, 1932, the act by the partner must be done
Carefully read following statements:
1. According to Section 34 of Indian Penal Code, requirement is of two persons, whereas under Section 149 of Indian Penal Code, requirement is of five persons.
2. According to Section 34 of Indian Penal Code, common intention is required whereas under Section 149 Indian Penal Code, common object is required
3. Previous consent is required under Section 34 & 149 of Indian Penal Code
4. Section 34 of Indian Penal Code and Section 149 of Indian Penal Code constitutes a specific offence
Which of the above statements is true:
A group of 74 students of Class XI went on picnic. The number of students who went on picnic by each section is as follows: Section A = 15 Section B = 24 Section C = 15 Section D = 20 5 students from Section A spent as much as 4 students from Section B. 12 Section B students spent as much as 9 Section C students and 6 Section C students spent as much as 8 Section D student. If every student of a particular section spent the same amount and all the students spent Rs. 23,370 altogether, find the amount spent by each student of Section D?
Which of the following statement/s about Fundamental Duties is/are not correct? (i) The Fundamental Duties are incorporated in Article 51A (Part IVA) of Constitution. (ii) The Fundamental Duties were inserted in the Constitution by the 42nd Constitution Amendment Act, 1976. (iii) The Fundamental Duties have to be fulfilled by every person living in India. (iv) The eleventh Fundamental Duty was added by the 86th Constitution Amendment Act, 2006. Choose the correct answer from the code given below :