Under Section 25 of the Indian Partnership Act, 1932 the liability of the partners for the acts of the…
Section 25 makes every partner liable jointly with the other partners and also severally for all acts of the firm done while that person is a partner. It does not limit a…
Choose your answer
Under Section 25 of the Indian Partnership Act, 1932 the liability of the partners for the acts of the firm is:
Answer and explanation
Correct answer A
Section 25 makes every partner liable jointly with the other partners and also severally for all acts of the firm done while that person is a partner. It does not limit a creditor to a purely joint claim.
Practice for these exams
-
UGC NET Law
Subject revision
See pack details on LawMint.net -
Haryana Judicial Services
-
CUET PG Law (LL.M.)
Subject revision
-
Uttarakhand Judicial Services
Subject revision