In which of the following cases a firm will not be liable for misapplication by partners ........

Indian Partnershoip Act (IPA) 1930 Others

In which of the following cases, a firm will not be liable for misapplication by partners:

B and M were carrying on the business Of cinematographic theatre proprietors. B was a sleeping partner and M managed the business. The partnership deed provided that no partner should contract any debt on account of the partnership without the consent of the other partner except in the usual and regular course of business. M borrowed money.Irom the plaintiff stating that the money wasto be used for the partnership business. But he misappropriated it.

One of the partners, with the intention of cheating the other, goes to a shop and purchases articles such as might be used in the.partnership business which he instantly converts to his own separate use.

A borrows money in the name of the firm and spends the whole amount in the marriage of his daughter.

All of the above.

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