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Which one of the following rights is usually not available to a partner consequent to the dissolution of a firm?
- a)Right of equitable distribution of firm's property
- b)Right to return of premium on premature winding up
- c)Right to be consulted
- d)Right to restrain any partner or his representatives from the use of firm name or firm property
Correct answer is option 'C'. Can you explain this answer?
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Which one of the following rights is usually not available to a partne...
After the dissolution of a partnership firm, the rights of the partners are mainly related to the settlement of the firm's affairs, repayment of debts, and distribution of any surplus assets. Partners also have the right to restrain other partners from misusing the firm’s name or property and the right to receive the return of the premium if the dissolution is premature.
However, the right to be consulted ceases to exist after the dissolution because the partnership no longer operates as a business entity. The main focus shifts to the settlement of accounts and winding up the firm’s affairs. Therefore, the right to be consulted is not available to a partner after the dissolution of the firm.
However, the right to be consulted ceases to exist after the dissolution because the partnership no longer operates as a business entity. The main focus shifts to the settlement of accounts and winding up the firm’s affairs. Therefore, the right to be consulted is not available to a partner after the dissolution of the firm.
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Which one of the following rights is usually not available to a partner consequent to the dissolution of a firm?a)Right of equitable distribution of firm's propertyb)Right to return of premium on premature winding upc)Right to be consultedd)Right to restrain any partner or his representatives from the use of firm name or firm propertyCorrect answer is option 'C'. Can you explain this answer?
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Which one of the following rights is usually not available to a partner consequent to the dissolution of a firm?a)Right of equitable distribution of firm's propertyb)Right to return of premium on premature winding upc)Right to be consultedd)Right to restrain any partner or his representatives from the use of firm name or firm propertyCorrect answer is option 'C'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Which one of the following rights is usually not available to a partner consequent to the dissolution of a firm?a)Right of equitable distribution of firm's propertyb)Right to return of premium on premature winding upc)Right to be consultedd)Right to restrain any partner or his representatives from the use of firm name or firm propertyCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which one of the following rights is usually not available to a partner consequent to the dissolution of a firm?a)Right of equitable distribution of firm's propertyb)Right to return of premium on premature winding upc)Right to be consultedd)Right to restrain any partner or his representatives from the use of firm name or firm propertyCorrect answer is option 'C'. Can you explain this answer?.
Which one of the following rights is usually not available to a partner consequent to the dissolution of a firm?a)Right of equitable distribution of firm's propertyb)Right to return of premium on premature winding upc)Right to be consultedd)Right to restrain any partner or his representatives from the use of firm name or firm propertyCorrect answer is option 'C'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Which one of the following rights is usually not available to a partner consequent to the dissolution of a firm?a)Right of equitable distribution of firm's propertyb)Right to return of premium on premature winding upc)Right to be consultedd)Right to restrain any partner or his representatives from the use of firm name or firm propertyCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which one of the following rights is usually not available to a partner consequent to the dissolution of a firm?a)Right of equitable distribution of firm's propertyb)Right to return of premium on premature winding upc)Right to be consultedd)Right to restrain any partner or his representatives from the use of firm name or firm propertyCorrect answer is option 'C'. Can you explain this answer?.
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