Under the Indian Partnership Act, 1932, the separate property of a partner shall first be applied in…
Under s.49 of the Indian Partnership Act, 1932, the separate property of a partner is applied first in payment of his separate debts, and only the surplus, if any, is…
Choose your answer
Under the Indian Partnership Act, 1932, the separate property of a partner shall first be applied in payment of:
Answer and explanation
Correct answer B
Under s.49 of the Indian Partnership Act, 1932, the separate property of a partner is applied first in payment of his separate debts, and only the surplus, if any, is available for firm debts.
Practice for these exams
-
UGC NET Law
Subject revision
See pack details on LawMint.net -
CUET PG Law (LL.M.)
Subject revision
-
Uttarakhand Judicial Services
Subject revision