Question

In case of a partnership firm, the office owned by firm

Q: Answer-In case of a partnership firm, the office owned by firm can be_______.

Indian Partnership Act S.15. APPLICATION OF THE PROPERTY OF THE FIRM. Subject to the contract between the partners, the property of the firm shall be held and used by the partners exclusively for the purposes of the business.

can be_______.

A used for business of the firm

B used by any of the partner for personal profit as well

C used by partner for personal profit if he is going to invest the proceeds in partnership firm.

D A and C

E A, B and C.

Practice Next

More Other Laws and Acts Questions

Which of the following box kept on shelf 5?
Which of the following live just below E?
Four of the following alike in a certain way and thus form a group. Which of the following one that does not belong to the group?
Five persons, S, T, U, V and W live on different floors of a five floor building such that bottommost floor is numbered as 1 and the topmost floor is numbe...
Which of the following statement(s) is/are true?

I) Three floors are between T and X

II) U lives on the lowermost floor

II...
How many persons are there between P and Z?
Which of the following statements is/are incorrect?

I. Row number 1 is vacant.

II. Anuj is in a prime numbered row.

III. Diya is se...
Who among the following person participates on August 17?
Four of the following five are alike in a certain way as per the given arrangement and thus form a group. Who among the following one does not belong t...
Who among the following are girls?

Relevant for Exams:

SEBI Grade A Legal

In case of a partnership firm, the office owned by firm

Solution

Relevant for Exams: