Which of the following may be done by an outgoing partner of a firm ?
Under s.36(1), an outgoing partner "may carry on a business competing with that of the firm", but he may not "use the firm name", "represent himself as carrying on the…
Choose your answer
Which of the following may be done by an outgoing partner of a firm ?
Answer and explanation
Correct answer A
Under s.36(1), an outgoing partner "may carry on a business competing with that of the firm", but he may not "use the firm name", "represent himself as carrying on the business of the firm", or "solicit the custom from the persons who were dealing with the firm before he ceased to be a partner".
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