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 A third party deals with the firm without knowledge that ‘A’ (a sleeping partner) has retired from the firm. In such a case, ‘A’ : 
  • a)
    Is not liable to the third parties 
  • b)
    Is liable to the third parties 
  • c)
    Is liable to firm 
  • d)
    Is liable to continuing partners 
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
A third party deals with the firm without knowledge that ‘A&rsqu...
The firm is acting on behalf of another party. This is known as undisclosed agency. In this situation, the third party may believe that they are dealing directly with the firm and may not be aware that the firm is acting as an agent for someone else. This can create confusion and potentially lead to legal issues if the third party feels that they have been misled or deceived. It is important for firms to be transparent about their agency relationship and to communicate this information to all parties involved in the transaction.
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A third party deals with the firm without knowledge that ‘A’ (a sleeping partner) has retired from the firm. In such a case, ‘A’ :a)Is not liable to the third partiesb)Is liable to the third partiesc)Is liable to firmd)Is liable to continuing partnersCorrect answer is option 'A'. Can you explain this answer?
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A third party deals with the firm without knowledge that ‘A’ (a sleeping partner) has retired from the firm. In such a case, ‘A’ :a)Is not liable to the third partiesb)Is liable to the third partiesc)Is liable to firmd)Is liable to continuing partnersCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A third party deals with the firm without knowledge that ‘A’ (a sleeping partner) has retired from the firm. In such a case, ‘A’ :a)Is not liable to the third partiesb)Is liable to the third partiesc)Is liable to firmd)Is liable to continuing partnersCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A third party deals with the firm without knowledge that ‘A’ (a sleeping partner) has retired from the firm. In such a case, ‘A’ :a)Is not liable to the third partiesb)Is liable to the third partiesc)Is liable to firmd)Is liable to continuing partnersCorrect answer is option 'A'. Can you explain this answer?.
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