Legal Bites presents the Law of Partnership Important Question-Answer Series.

Legal Bites presents the Law of Partnership Important Question-Answer Series. The questions listed here will help students study for various Competitive and University Exams. Candidates can use Legal Bites' list of questions to help them determine the most important and often asked questions and practice their aptitude and knowledge.

Answering questions is a continuous process that is an inevitable component of any test preparation, as we all know. A well-written response displays not just a candidate's knowledge but also his or her ability to tailor the content to the question's requirements.

It is vital to prepare for this exam to pass it thoroughly. To attain mastery over the subjects studied, applicants only need to keep practising these questions in the months coming up to the examinations. Following it, the candidate's confidence level, as well as their scores, will vastly improve.

Law of Partnership Question Answer Series 5: Important Questions for Judiciary Exams | Part – V

Question 1

A gave his new woollen trouser to a laundry for cleaning. On the laundry receipt it was written that in no circumstances the launderer would be liable for any loss beyond 5% of the cost of the cloth. Due to the negligence of the laundry people A's trouser got burnt . What is the liability of the laundry towards A? [HJS 1988]

Question 2

Ram and Shyam entered into a contract to carry on wheat business in partnership. The contract is silent as to the duration of the business. Ram thereafter, denies to-carry on business in partnership. Shyam files a suit for specific performance of contract against Ram. Will he succeed? [HJS 1999]

Question 3

Mr. and Mrs. Kaur are running a Legal Aid Clinic. Whether is it a kind of partnership? Discuss. [HJS 2011]

Question 4

"The law, English as well as Indian, has for some specific purpose, relaxed its rigid application of the aggregate theory, and given to a limited extent, a legal personality to firm." Discuss this statement fully pointing out the true nature of a partnership. [DJS 1990]

Question 5

"There is no stronger fiduciary relation known to the law than that of a partnership." Amplify, and state the standard of conduct to which partners must adhere. [DJS 1990]

Question 6

Ram Lal and Shyam Singh carried on the business of vegetable oil in partnership under the name and style of 'Rising Sun'. The partnership was dissolved but Ram Lal continued to carry on business under the same name. Ram Lal, using an earlier letter head of the firm bearing names of both partners, placed an order for the purchase of vegetable oil to Company 'Dalda'. 'Dalda' initiated proceedings against Shyam Singh for recovery of the price of vegetable oil. Decide. [HJS 2007]

Question 7

'A' is an outgoing partner of the firm ABC. By an agreement between all the partners, 'A' was prohibited from carrying on business, carried on by the firm within the National Capital Territory of Delhi. Whether the agreement is in restraint of trade? Can the agreement be enforced by the continuing partners? [DJS 2011]

Question 8

State the various modes of dissolution of partnership firm. Explain how long the other partners are liable to third persons for acts done by a partner after dissolution. [HJS 1984]

Question 9

What do you mean by 'Sleeping Partner'? A, B and C are partners in a firm, whereby C is a sleeping partner for whom the creditors are unaware. C retires from the firm without giving any public notice. Discuss the liability of C for debts of the firm incurred before and after his retirement. [BJS 2018]

Question 10

Explain the difference between co-ownership and partnership. [HJS 2006]

Important Links

Admin Legal Bites

Admin Legal Bites

Legal Bites Study Materials correspond to what is taught in law schools and what is tested in competitive exams. It pledges to offer a competitive advantage, prepare for tests, and save a lot of money.

Next Story