The lien under Section 52 of the Indian Partnership Act, 1932 may be exercised for recovery of:
Section 52(a) gives the lien on the surplus assets "for any sum paid by him for the purchase of a share in the firm and for any capital contributed by him". It does not…
Choose your answer
The lien under Section 52 of the Indian Partnership Act, 1932 may be exercised for recovery of:
Answer and explanation
Correct answer B
Section 52(a) gives the lien on the surplus assets "for any sum paid by him for the purchase of a share in the firm and for any capital contributed by him". It does not secure profits, goodwill or damages for lost expectations.
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