CAF-4 | Ch-12 | RELATIONS OF PARTNERS TO ONE ANOTHER

CAF-4 Chapter-12 Relations of partners to one another

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Business Law Quiz for the ICAP CA students.

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  1. Question 1 of 10
    1. Question
    1 points
    Category: CAF4

    Choose the INCORRECT statement:

    In the absence of a contract to the contrary,

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  2. Question 2 of 10
    2. Question
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    Category: CAF4

    Subject to contract between the partners, a change may be made in the nature of business of the firm:

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  3. Question 3 of 10
    3. Question
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    Category: CAF4

    Mr. A, a partner in the firm, buys shares of a company in his own name. Without the authority of the other partners, but with the money and on account of the firm. State the legal position.

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  4. Question 4 of 10
    4. Question
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    Category: CAF4

    The property of the firm must be used

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  5. Question 5 of 10
    5. Question
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    Category: CAF4

    Partner giving advances to the firm is entitled:

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  6. Question 6 of 10
    6. Question
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    Category: CAF4

    In the absence of any such agreement, express or implied, the property of the firm is deemed to include:

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  7. Question 7 of 10
    7. Question
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    Category: CAF4

    ________________ has a right to take part in the conduct and management of the business?

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  8. Question 8 of 10
    8. Question
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    Category: CAF4

    Every partner, whether active or dormant, has a right to free access to:

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  9. Question 9 of 10
    9. Question
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    Category: CAF4

    A partner can claim interest on capital:

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  10. Question 10 of 10
    10. Question
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    Category: CAF4

    Which of the following is not a right of partner(s)?

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