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PRINCIPLE: A partner is liable for the debts incurred by the other partners in the course of partnership.
FACTS: Aditya, Ravi and Suraj enter into a partnership to open a restaurant, Golden Harvest in Mumbai. Initially the restaurant does good business, but after a year, owing to staff shortage, the quality of food starts deteriorating. People start criticizing the restaurant and their business reduces significantly. There comes a day when they are forced to shut down their restaurant, and end their partnership. Following this, Ravi goes to Seth Karodimal to borrow some money on the pretext of re-opening his restaurant. However, he runs away with the money. Seth Karodimal sues Aditya and Suraj for the money. Decide.
  • a)
    Aditya and Suraj are not under any obligation to pay the Seth
  • b)
    Aditya and Suraj are not liable to pay because it was not their fault that Ravi ran off
  • c)
    Aditya and Suraj are liable to pay the Seth since they were Ravi’s partners
  • d)
    None of the above
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
PRINCIPLE:A partner is liable for the debts incurred by the other part...
The act of borrowing money and then running away with the money did not occur in the course of partnership. Hence, Ravi is liable alone.
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Community Answer
PRINCIPLE:A partner is liable for the debts incurred by the other part...
Option A is correct that aditya and suraj are not under any obligation to pay the seth because when ravi take money from seth ,they are not partners at that time.
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PRINCIPLE:A partner is liable for the debts incurred by the other partners in the course of partnership.FACTS: Aditya, Ravi and Suraj enter into a partnership to open a restaurant, Golden Harvest in Mumbai. Initially the restaurant does good business, but after a year, owing to staff shortage, the quality of food starts deteriorating. People start criticizing the restaurant and their business reduces significantly. There comes a day when they are forced to shut down their restaurant, and end their partnership. Following this, Ravi goes to Seth Karodimal to borrow some money on the pretext of re-opening his restaurant. However, he runs away with the money. Seth Karodimal sues Aditya and Suraj for the money. Decide.a)Aditya and Suraj are not under any obligation to pay the Sethb)Aditya and Suraj are not liable to pay because it was not their fault that Ravi ran offc)Aditya and Suraj are liable to pay the Seth since they were Ravi’s partnersd)None of the aboveCorrect answer is option 'A'. Can you explain this answer?
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PRINCIPLE:A partner is liable for the debts incurred by the other partners in the course of partnership.FACTS: Aditya, Ravi and Suraj enter into a partnership to open a restaurant, Golden Harvest in Mumbai. Initially the restaurant does good business, but after a year, owing to staff shortage, the quality of food starts deteriorating. People start criticizing the restaurant and their business reduces significantly. There comes a day when they are forced to shut down their restaurant, and end their partnership. Following this, Ravi goes to Seth Karodimal to borrow some money on the pretext of re-opening his restaurant. However, he runs away with the money. Seth Karodimal sues Aditya and Suraj for the money. Decide.a)Aditya and Suraj are not under any obligation to pay the Sethb)Aditya and Suraj are not liable to pay because it was not their fault that Ravi ran offc)Aditya and Suraj are liable to pay the Seth since they were Ravi’s partnersd)None of the aboveCorrect answer is option 'A'. Can you explain this answer? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about PRINCIPLE:A partner is liable for the debts incurred by the other partners in the course of partnership.FACTS: Aditya, Ravi and Suraj enter into a partnership to open a restaurant, Golden Harvest in Mumbai. Initially the restaurant does good business, but after a year, owing to staff shortage, the quality of food starts deteriorating. People start criticizing the restaurant and their business reduces significantly. There comes a day when they are forced to shut down their restaurant, and end their partnership. Following this, Ravi goes to Seth Karodimal to borrow some money on the pretext of re-opening his restaurant. However, he runs away with the money. Seth Karodimal sues Aditya and Suraj for the money. Decide.a)Aditya and Suraj are not under any obligation to pay the Sethb)Aditya and Suraj are not liable to pay because it was not their fault that Ravi ran offc)Aditya and Suraj are liable to pay the Seth since they were Ravi’s partnersd)None of the aboveCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for PRINCIPLE:A partner is liable for the debts incurred by the other partners in the course of partnership.FACTS: Aditya, Ravi and Suraj enter into a partnership to open a restaurant, Golden Harvest in Mumbai. Initially the restaurant does good business, but after a year, owing to staff shortage, the quality of food starts deteriorating. People start criticizing the restaurant and their business reduces significantly. There comes a day when they are forced to shut down their restaurant, and end their partnership. Following this, Ravi goes to Seth Karodimal to borrow some money on the pretext of re-opening his restaurant. However, he runs away with the money. Seth Karodimal sues Aditya and Suraj for the money. Decide.a)Aditya and Suraj are not under any obligation to pay the Sethb)Aditya and Suraj are not liable to pay because it was not their fault that Ravi ran offc)Aditya and Suraj are liable to pay the Seth since they were Ravi’s partnersd)None of the aboveCorrect answer is option 'A'. Can you explain this answer?.
Solutions for PRINCIPLE:A partner is liable for the debts incurred by the other partners in the course of partnership.FACTS: Aditya, Ravi and Suraj enter into a partnership to open a restaurant, Golden Harvest in Mumbai. Initially the restaurant does good business, but after a year, owing to staff shortage, the quality of food starts deteriorating. People start criticizing the restaurant and their business reduces significantly. There comes a day when they are forced to shut down their restaurant, and end their partnership. Following this, Ravi goes to Seth Karodimal to borrow some money on the pretext of re-opening his restaurant. However, he runs away with the money. Seth Karodimal sues Aditya and Suraj for the money. Decide.a)Aditya and Suraj are not under any obligation to pay the Sethb)Aditya and Suraj are not liable to pay because it was not their fault that Ravi ran offc)Aditya and Suraj are liable to pay the Seth since they were Ravi’s partnersd)None of the aboveCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CLAT. Download more important topics, notes, lectures and mock test series for CLAT Exam by signing up for free.
Here you can find the meaning of PRINCIPLE:A partner is liable for the debts incurred by the other partners in the course of partnership.FACTS: Aditya, Ravi and Suraj enter into a partnership to open a restaurant, Golden Harvest in Mumbai. Initially the restaurant does good business, but after a year, owing to staff shortage, the quality of food starts deteriorating. People start criticizing the restaurant and their business reduces significantly. There comes a day when they are forced to shut down their restaurant, and end their partnership. Following this, Ravi goes to Seth Karodimal to borrow some money on the pretext of re-opening his restaurant. However, he runs away with the money. Seth Karodimal sues Aditya and Suraj for the money. Decide.a)Aditya and Suraj are not under any obligation to pay the Sethb)Aditya and Suraj are not liable to pay because it was not their fault that Ravi ran offc)Aditya and Suraj are liable to pay the Seth since they were Ravi’s partnersd)None of the aboveCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of PRINCIPLE:A partner is liable for the debts incurred by the other partners in the course of partnership.FACTS: Aditya, Ravi and Suraj enter into a partnership to open a restaurant, Golden Harvest in Mumbai. Initially the restaurant does good business, but after a year, owing to staff shortage, the quality of food starts deteriorating. People start criticizing the restaurant and their business reduces significantly. There comes a day when they are forced to shut down their restaurant, and end their partnership. Following this, Ravi goes to Seth Karodimal to borrow some money on the pretext of re-opening his restaurant. However, he runs away with the money. Seth Karodimal sues Aditya and Suraj for the money. Decide.a)Aditya and Suraj are not under any obligation to pay the Sethb)Aditya and Suraj are not liable to pay because it was not their fault that Ravi ran offc)Aditya and Suraj are liable to pay the Seth since they were Ravi’s partnersd)None of the aboveCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for PRINCIPLE:A partner is liable for the debts incurred by the other partners in the course of partnership.FACTS: Aditya, Ravi and Suraj enter into a partnership to open a restaurant, Golden Harvest in Mumbai. Initially the restaurant does good business, but after a year, owing to staff shortage, the quality of food starts deteriorating. People start criticizing the restaurant and their business reduces significantly. There comes a day when they are forced to shut down their restaurant, and end their partnership. Following this, Ravi goes to Seth Karodimal to borrow some money on the pretext of re-opening his restaurant. However, he runs away with the money. Seth Karodimal sues Aditya and Suraj for the money. Decide.a)Aditya and Suraj are not under any obligation to pay the Sethb)Aditya and Suraj are not liable to pay because it was not their fault that Ravi ran offc)Aditya and Suraj are liable to pay the Seth since they were Ravi’s partnersd)None of the aboveCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of PRINCIPLE:A partner is liable for the debts incurred by the other partners in the course of partnership.FACTS: Aditya, Ravi and Suraj enter into a partnership to open a restaurant, Golden Harvest in Mumbai. Initially the restaurant does good business, but after a year, owing to staff shortage, the quality of food starts deteriorating. People start criticizing the restaurant and their business reduces significantly. There comes a day when they are forced to shut down their restaurant, and end their partnership. Following this, Ravi goes to Seth Karodimal to borrow some money on the pretext of re-opening his restaurant. However, he runs away with the money. Seth Karodimal sues Aditya and Suraj for the money. Decide.a)Aditya and Suraj are not under any obligation to pay the Sethb)Aditya and Suraj are not liable to pay because it was not their fault that Ravi ran offc)Aditya and Suraj are liable to pay the Seth since they were Ravi’s partnersd)None of the aboveCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice PRINCIPLE:A partner is liable for the debts incurred by the other partners in the course of partnership.FACTS: Aditya, Ravi and Suraj enter into a partnership to open a restaurant, Golden Harvest in Mumbai. Initially the restaurant does good business, but after a year, owing to staff shortage, the quality of food starts deteriorating. People start criticizing the restaurant and their business reduces significantly. There comes a day when they are forced to shut down their restaurant, and end their partnership. Following this, Ravi goes to Seth Karodimal to borrow some money on the pretext of re-opening his restaurant. However, he runs away with the money. Seth Karodimal sues Aditya and Suraj for the money. Decide.a)Aditya and Suraj are not under any obligation to pay the Sethb)Aditya and Suraj are not liable to pay because it was not their fault that Ravi ran offc)Aditya and Suraj are liable to pay the Seth since they were Ravi’s partnersd)None of the aboveCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice CLAT tests.
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