Rights And Duties Of Partners

Indian Partnership Act, 1932 Question 1.Briefly explain the difference between Partnership and Co-ownership. (June 2014, 4 marks)Answer:Difference between Partnership and Co-ownership. Basis of Distinction Partnership Co-ownership 1. Agreement It arises from an agreement. It may or may not arise from an agreement. 2. Business It is formed to carry on a business. It may or […]

Relations of Partners – CA Foundation Business Law Study Material Question 1.Explain the rights of a partner, under the Indian Partnership Act, 1932.Answer:Rights of partnersSubject to contract between the partners, the Partnership Act confers the following rights upon the partners of a firm:   1. Right to take part in the conduct of the business […]