Which of the following matching is incorrectly made under the Indian Partnership Act, 1932?
Non-liability of an incoming partner for acts of the firm done before he joined is governed by s.31(2) of the Indian Partnership Act, not s.32(1), which deals with…
Choose your answer
Which of the following matching is incorrectly made under the Indian Partnership Act, 1932?
Answer and explanation
Correct answer B
Non-liability of an incoming partner for acts of the firm done before he joined is governed by s.31(2) of the Indian Partnership Act, not s.32(1), which deals with retirement, so "No liability before joining the firm - section 32(1)" is the incorrect matching.
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