PCS (Judicial Branch) (Preliminary) Examination- 2010
Question Number: 121-125
121. A firm can be held liable for the wrongful act of a partner where the act has been ratified by the partners, provided
(a) the act could be legally done with the authority of all the partners
(b) the partners ratify the act with full knowledge of the facts
(c) neither (a) nor (b)
(d) both (a) and (b)
122. A partner can retire by notice of his intention to retire, where
(a) the partnership is at will
(b) the partnership is for a specified period
(c) where a contract has been made between the partners for its determination
(d) none of the above
123. A partner has no implied authority
(a) to enter into a partnership with other persons in another business
(b) to borrow money in case of a commercial firm
(c) either (a) or (b)
(d) neither (a) nor (b)
124. A partnership firm is required to be registered under
(a) the Indian Registration Act, 1908
(b) the Companies Act, 1956
(c) the Indian Partnership Act, 1932
(d) Indian Contract Act, 1872
125. An agreement in restraint of trade in a partnership under section 11 of the Indian Partnership Act is
(a) valid
(b) voidable
(c) void
(d) illegal
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