New Register for Workshop on How to start for NABARD 2025 (Stepwise Plan) - Apr 26, 7 PM

    Question

    Which one of the following is not correctly matched?

    A Definition of Partnership …… Section 4 Correct Answer Incorrect Answer
    B Partnership at Will ….. Section 7 Correct Answer Incorrect Answer
    C Exclusion of Partner ….. Section 33 Correct Answer Incorrect Answer
    D Authority of Partner in Emergency ……. Section 23 Correct Answer Incorrect Answer

    Solution

    Section 21 Partner’s authority in an emergency—A Partner has authority, in an emergency, to do all such acts for the purpose of protecting the firm from loss as would be done by a person of ordinary prudence, in his own case, acting under similar circumstances, and such acts bind the firm

    Practice Next