Pre. Exam

70. Which of the following sections of the Indian Partnership Act bestows every partner with the authority of an agent?
(A) Section 17
(B) Section 18
(C) Section 19
(D) Section 20

Answer and Notes Answer is B

Pre. Exam

60. The liability of the Partners for the acts of the firm is :
(a) Joint
(b) Several
(c) Joint and Several
(d) None of the above

Answer and Notes Answer is C

Explanation : According to section 25 of the Indian Partnership Act, 1932