NOTES


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The Indian Partnership Act, 1932 - Nature of Partnership Contract (Old & New) Notes

Q1. There can be different kind of partners. State briefly about any five kinds of partners.

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Q2. Explain the concept of Partnership by holding out.

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Q3. State the points of difference between A company and A partnership firm.

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Q4. What constitutes partnership property? Explain.

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Q5. Rohit is not a partner in a particular firm. But, he represents himself or knowingly permits himself to be represented as a partner of that particular firm to Sanjay, who on the faith of such representation gives credit to the firm. Is Rohit liable as a partner in the firm?

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