CA Foundation Exam > CA Foundation Questions > One of the following is not the disability of...
Start Learning for Free
One of the following is not the disability of an unregistered firm:
- a)It cannot file a suit against the third parties
- b)Its partners cannot file a suit against the firm.
- c)It cannot claim a set off exceeding Rs. 100/-
- d)It cannot be sued by a third party.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
One of the following is not the disability of an unregistered firm:a)I...
Explanation:
Disabilities of an Unregistered Firm
An unregistered firm is defined as a partnership firm that is not registered with the Registrar of Firms. The following are some of the disabilities of an unregistered firm:
Cannot file a suit against the third parties
An unregistered firm cannot file a suit against a third party to enforce its rights. However, an unregistered firm can file a suit for the dissolution of the partnership, accounts, or any other matter arising out of the partnership.
Partners cannot file a suit against the firm
The partners of an unregistered firm cannot file a suit against the firm for the enforcement of their rights. However, the partners can file a suit for the dissolution of the partnership, accounts, or any other matter arising out of the partnership.
Cannot claim a set-off exceeding Rs. 100/-
An unregistered firm cannot claim a set-off exceeding Rs. 100/- in a suit filed against it. A set-off is a legal right of a debtor to deduct from the amount due to the creditor the amount which the creditor owes to the debtor.
Cannot be sued by a third party
An unregistered firm can be sued by a third party for the enforcement of its rights. However, a third party cannot file a suit against an unregistered firm for a claim arising out of a contract.
Conclusion
In conclusion, an unregistered firm has certain disabilities, such as not being able to file a suit against a third party, partners cannot file a suit against the firm, cannot claim a set-off exceeding Rs. 100/-, but it can be sued by a third party.
Disabilities of an Unregistered Firm
An unregistered firm is defined as a partnership firm that is not registered with the Registrar of Firms. The following are some of the disabilities of an unregistered firm:
Cannot file a suit against the third parties
An unregistered firm cannot file a suit against a third party to enforce its rights. However, an unregistered firm can file a suit for the dissolution of the partnership, accounts, or any other matter arising out of the partnership.
Partners cannot file a suit against the firm
The partners of an unregistered firm cannot file a suit against the firm for the enforcement of their rights. However, the partners can file a suit for the dissolution of the partnership, accounts, or any other matter arising out of the partnership.
Cannot claim a set-off exceeding Rs. 100/-
An unregistered firm cannot claim a set-off exceeding Rs. 100/- in a suit filed against it. A set-off is a legal right of a debtor to deduct from the amount due to the creditor the amount which the creditor owes to the debtor.
Cannot be sued by a third party
An unregistered firm can be sued by a third party for the enforcement of its rights. However, a third party cannot file a suit against an unregistered firm for a claim arising out of a contract.
Conclusion
In conclusion, an unregistered firm has certain disabilities, such as not being able to file a suit against a third party, partners cannot file a suit against the firm, cannot claim a set-off exceeding Rs. 100/-, but it can be sued by a third party.
|
Explore Courses for CA Foundation exam
|
|
Top Courses for CA FoundationView all
One of the following is not the disability of an unregistered firm:a)It cannot file a suit against the third partiesb)Its partners cannot file a suit against the firm.c)It cannot claim a set off exceeding Rs. 100/-d)It cannot be sued by a third party.Correct answer is option 'D'. Can you explain this answer?
Question Description
One of the following is not the disability of an unregistered firm:a)It cannot file a suit against the third partiesb)Its partners cannot file a suit against the firm.c)It cannot claim a set off exceeding Rs. 100/-d)It cannot be sued by a third party.Correct answer is option 'D'. 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 One of the following is not the disability of an unregistered firm:a)It cannot file a suit against the third partiesb)Its partners cannot file a suit against the firm.c)It cannot claim a set off exceeding Rs. 100/-d)It cannot be sued by a third party.Correct answer is option 'D'. 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 One of the following is not the disability of an unregistered firm:a)It cannot file a suit against the third partiesb)Its partners cannot file a suit against the firm.c)It cannot claim a set off exceeding Rs. 100/-d)It cannot be sued by a third party.Correct answer is option 'D'. Can you explain this answer?.
One of the following is not the disability of an unregistered firm:a)It cannot file a suit against the third partiesb)Its partners cannot file a suit against the firm.c)It cannot claim a set off exceeding Rs. 100/-d)It cannot be sued by a third party.Correct answer is option 'D'. 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 One of the following is not the disability of an unregistered firm:a)It cannot file a suit against the third partiesb)Its partners cannot file a suit against the firm.c)It cannot claim a set off exceeding Rs. 100/-d)It cannot be sued by a third party.Correct answer is option 'D'. 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 One of the following is not the disability of an unregistered firm:a)It cannot file a suit against the third partiesb)Its partners cannot file a suit against the firm.c)It cannot claim a set off exceeding Rs. 100/-d)It cannot be sued by a third party.Correct answer is option 'D'. Can you explain this answer?.
Solutions for One of the following is not the disability of an unregistered firm:a)It cannot file a suit against the third partiesb)Its partners cannot file a suit against the firm.c)It cannot claim a set off exceeding Rs. 100/-d)It cannot be sued by a third party.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of One of the following is not the disability of an unregistered firm:a)It cannot file a suit against the third partiesb)Its partners cannot file a suit against the firm.c)It cannot claim a set off exceeding Rs. 100/-d)It cannot be sued by a third party.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
One of the following is not the disability of an unregistered firm:a)It cannot file a suit against the third partiesb)Its partners cannot file a suit against the firm.c)It cannot claim a set off exceeding Rs. 100/-d)It cannot be sued by a third party.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for One of the following is not the disability of an unregistered firm:a)It cannot file a suit against the third partiesb)Its partners cannot file a suit against the firm.c)It cannot claim a set off exceeding Rs. 100/-d)It cannot be sued by a third party.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of One of the following is not the disability of an unregistered firm:a)It cannot file a suit against the third partiesb)Its partners cannot file a suit against the firm.c)It cannot claim a set off exceeding Rs. 100/-d)It cannot be sued by a third party.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice One of the following is not the disability of an unregistered firm:a)It cannot file a suit against the third partiesb)Its partners cannot file a suit against the firm.c)It cannot claim a set off exceeding Rs. 100/-d)It cannot be sued by a third party.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup