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A, B, C are partners where C is a sleeping partner who retries without giving a public notice. Which of the following is/are true?
- a)C is liable for the subsequent debts incurred by A and B
- b)C is not liable for the subsequent debts incurred by A and B
- c)C’s retirement results in dissolution of partnership
- d)None
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
A, B, C are partners where C is a sleeping partner who retries without...
's liability is limited to the amount of capital invested in the partnership
d)It depends on the terms of the partnership agreement.
The correct answer is d) It depends on the terms of the partnership agreement. The partnership agreement will determine the extent of C's liability as a sleeping partner. If the agreement states that C is only liable for the amount of capital invested, then option c) is also true. However, if the agreement states that C has unlimited liability, then option a) would be true. It is important for partners to clearly outline the terms of their partnership agreement to avoid misunderstandings and legal issues in the future.
d)It depends on the terms of the partnership agreement.
The correct answer is d) It depends on the terms of the partnership agreement. The partnership agreement will determine the extent of C's liability as a sleeping partner. If the agreement states that C is only liable for the amount of capital invested, then option c) is also true. However, if the agreement states that C has unlimited liability, then option a) would be true. It is important for partners to clearly outline the terms of their partnership agreement to avoid misunderstandings and legal issues in the future.
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A, B, C are partners where C is a sleeping partner who retries without...
Because there is no need for a sleeping partner to give pubic notice on his retirement as he was already not known by public as a partner of the firm.so he can leave firm without notice and further he is not liable for the debts
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A, B, C are partners where C is a sleeping partner who retries without giving a public notice. Which of the following is/are true?a)C is liable for the subsequent debts incurred by A and Bb)C is not liable for the subsequent debts incurred by A and Bc)C’s retirement results in dissolution of partnershipd)NoneCorrect answer is option 'B'. Can you explain this answer?
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A, B, C are partners where C is a sleeping partner who retries without giving a public notice. Which of the following is/are true?a)C is liable for the subsequent debts incurred by A and Bb)C is not liable for the subsequent debts incurred by A and Bc)C’s retirement results in dissolution of partnershipd)NoneCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A, B, C are partners where C is a sleeping partner who retries without giving a public notice. Which of the following is/are true?a)C is liable for the subsequent debts incurred by A and Bb)C is not liable for the subsequent debts incurred by A and Bc)C’s retirement results in dissolution of partnershipd)NoneCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A, B, C are partners where C is a sleeping partner who retries without giving a public notice. Which of the following is/are true?a)C is liable for the subsequent debts incurred by A and Bb)C is not liable for the subsequent debts incurred by A and Bc)C’s retirement results in dissolution of partnershipd)NoneCorrect answer is option 'B'. Can you explain this answer?.
A, B, C are partners where C is a sleeping partner who retries without giving a public notice. Which of the following is/are true?a)C is liable for the subsequent debts incurred by A and Bb)C is not liable for the subsequent debts incurred by A and Bc)C’s retirement results in dissolution of partnershipd)NoneCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A, B, C are partners where C is a sleeping partner who retries without giving a public notice. Which of the following is/are true?a)C is liable for the subsequent debts incurred by A and Bb)C is not liable for the subsequent debts incurred by A and Bc)C’s retirement results in dissolution of partnershipd)NoneCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A, B, C are partners where C is a sleeping partner who retries without giving a public notice. Which of the following is/are true?a)C is liable for the subsequent debts incurred by A and Bb)C is not liable for the subsequent debts incurred by A and Bc)C’s retirement results in dissolution of partnershipd)NoneCorrect answer is option 'B'. Can you explain this answer?.
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