Under the Indian Partnership Act, 1932 a stipulation that one partner has no right to participate in the management is
Question and options
Under the Indian Partnership Act, 1932 a stipulation that one partner has no right to participate in the management is
- void
- voidable
- valid
- None of the given options is correct
Answer and explanation
Correct answer: C - valid
Section 12(a) of the Partnership Act gives every partner a right to take part in management, but only subject to contract between the partners. So a stipulation excluding a partner is valid.
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