CUET Mock Test of Fundamentals of Partnership (Rules in the Absence of Partnership Deed) – 4

CUET Mock Test of Fundamentals of Partnership (Rules in the Absence of Partnership Deed) – 4 for Class 12 CBSE, ISC and CUET UG

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Mock Test of Fundamentals of Partnership (Rules in the Absense of Partnership Deed) (Part - 4)

1 / 10

Assertion (A): Partnership registration is required for legal enforcement of rights among partners.

Reason (R): Section 69 specifies that while registration is optional, it is advisable for protecting legal rights.

2 / 10

Assertion (A): Registration of a partnership firm is compulsory under the Indian Partnership Act, 1932.

Reason (R): Section 69 states that registration of a firm is optional and not compulsory.

3 / 10

Assertion (A): A partner can retire only with a majority vote from the other partners.

Reason (R): Section 32 allows a partner to retire either with the consent of all partners or as per an existing agreement.

4 / 10

Assertion (A): A minor can be a full partner in the firm as per Section 30 of the Indian Partnership Act, 1932.

Reason (R): A minor can only be admitted for the benefit of partnership and not as a full partner.

5 / 10

Assertion (A): Section 31 allows admission of a new partner through majority voting among existing partners.

Reason (R): Consent of all existing partners or agreement among them is necessary for admitting a new partner.

6 / 10

Assertion (A): A minor can be admitted into a partnership under the Indian Partnership Act, 1932.

Reason (R): Section 30 states that a minor can be admitted for the benefit of partnership if all partners agree.

7 / 10

Assertion (A): A person can join a partnership without the consent of existing partners.

Reason (R): Section 31 requires either the consent of all existing partners or an agreement among them for admitting a new partner.

8 / 10

Assertion (A): A partner can retire without consulting other partners.

Reason (R): Section 32 of the Indian Partnership Act, 1932 allows a partner to retire only with the consent of all other partners or as per an agreement.

9 / 10

Assertion (A): A firm is automatically dissolved on the death of a partner.

Reason (R): Section 35 of the Indian Partnership Act, 1932 provides for dissolution unless otherwise agreed in the partnership deed.

10 / 10

Assertion (A): A partnership firm is dissolved only on mutual consent of all partners.

Reason (R): As per Section 35, a firm is dissolved automatically on the death of a partner unless otherwise agreed.

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