Fill in the blanks: A firm cannot include the words ___ and ___ in its name without government approval.

Crown, Royal

True or False: An unregistered firm can sue a third party to enforce a contract.

False. An unregistered firm cannot sue third parties to enforce a contract.

Describe the consequence of failing to register a firm within the specified time as per Section 59A-1.

The firm can still register by paying a penalty of one hundred rupees for each year or part of the delay.

What rights do partners of an unregistered firm retain despite non-registration?

Partners retain important rights.

• File suit for dissolution.

• Claim partner's share after dissolution.

• Sue for share after partner's death.

What are the two main types of dissolution of a partnership firm as per Section 40-44?

Dissolution without the order of the court (voluntary dissolution) and dissolution by the court.

Fill in the blank: Partners can dissolve the firm by giving written notice if it is a partnership ___ .

At will

What is the order of application of assets after the dissolution of a firm?

Order of asset application is critical.

• Debts to third parties first.

• Partners paid from capital next.

• Remaining assets by profit share.

Describe the liability of partners for debts incurred after the dissolution of a firm as per Section 49.

The property of the firm is used first to pay off the firm's debts, and any remaining funds are allocated to cover partners' separate debts.