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A retiring partner does not have the following except: 
  • a)
    To carry on any business 
  • b)
    To use firm’s name 
  • c)
    To represent himself as carrying on business of the firm 
  • d)
    To solicit customers from the persons who were dealing with the firm before his retirement 
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
A retiring partner does not have the following except:a)To carry on an...
Correct Answer :- a
Explanation : Rights of an outgoing partner to carry on competing business - An outgoing partner may carry on a business competing with that of the firm and he may advertise such business. But subject to contract to the contrary may not
1. Use the firm name,
2. Represents himself as carrying on the business of the firm,
3 Solicit the custom of persons who were dealing with the firm before he ceased to be a partner.
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Most Upvoted Answer
A retiring partner does not have the following except:a)To carry on an...
Resources or assetsc)To compete with the firmd)To participate in the firm's decision-making process
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A retiring partner does not have the following except:a)To carry on any businessb)To use firm’s namec)To represent himself as carrying on business of the firmd)To solicit customers from the persons who were dealing with the firm before his retirementCorrect answer is option 'A'. Can you explain this answer?
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