MCQ - Registration and Dissolution of firm (Part - 2) CA Foundation Notes | EduRev

Business Laws for CA Foundation

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CA Foundation : MCQ - Registration and Dissolution of firm (Part - 2) CA Foundation Notes | EduRev

 Page 1


CPT MERCANTILE LAW 
CHAPTER -3 THE INDIAN PARTNERSHIP ACT ,1932 
 
CA. DIPTI LUNAWAT 
Registration and Dissolution of a Firm  
 Unit 3 Part [3/4] 
Page 2


CPT MERCANTILE LAW 
CHAPTER -3 THE INDIAN PARTNERSHIP ACT ,1932 
 
CA. DIPTI LUNAWAT 
Registration and Dissolution of a Firm  
 Unit 3 Part [3/4] 
Questions 
Questions  On  
Consequences of 
Dissolution 
Page 3


CPT MERCANTILE LAW 
CHAPTER -3 THE INDIAN PARTNERSHIP ACT ,1932 
 
CA. DIPTI LUNAWAT 
Registration and Dissolution of a Firm  
 Unit 3 Part [3/4] 
Questions 
Questions  On  
Consequences of 
Dissolution 
Loss arising  out of partner’s insolvency can be recouped 
from 
A] Solvent partners 
B] The firm itself 
C] Partner’s estate 
D] Partner’s Legal Heirs 
Ans: A 
 
Question No.1 
 
Page 4


CPT MERCANTILE LAW 
CHAPTER -3 THE INDIAN PARTNERSHIP ACT ,1932 
 
CA. DIPTI LUNAWAT 
Registration and Dissolution of a Firm  
 Unit 3 Part [3/4] 
Questions 
Questions  On  
Consequences of 
Dissolution 
Loss arising  out of partner’s insolvency can be recouped 
from 
A] Solvent partners 
B] The firm itself 
C] Partner’s estate 
D] Partner’s Legal Heirs 
Ans: A 
 
Question No.1 
 
Question No.2 
After the dissolution of a firm, the authority of a 
partner to bind the firm: 
A] does not continue at all. 
B] continues so far as may be necessary to wind up the affairs of the 
firm . 
C] None of these 
Ans: B 
Page 5


CPT MERCANTILE LAW 
CHAPTER -3 THE INDIAN PARTNERSHIP ACT ,1932 
 
CA. DIPTI LUNAWAT 
Registration and Dissolution of a Firm  
 Unit 3 Part [3/4] 
Questions 
Questions  On  
Consequences of 
Dissolution 
Loss arising  out of partner’s insolvency can be recouped 
from 
A] Solvent partners 
B] The firm itself 
C] Partner’s estate 
D] Partner’s Legal Heirs 
Ans: A 
 
Question No.1 
 
Question No.2 
After the dissolution of a firm, the authority of a 
partner to bind the firm: 
A] does not continue at all. 
B] continues so far as may be necessary to wind up the affairs of the 
firm . 
C] None of these 
Ans: B 
Question No.3 
A partners private assets shall be applied first in the 
payment of: 
A] Firm’s debts to third parties. 
B] Partner’s debts to third parties. 
C] Partner’s advance to third parties. 
D] None of these 
Ans: B 
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