Multiple Choice Questions on The liability of an incoming partner begins from ........ for Judicial Services (Master) Preparation

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Multiple Choice Questions

The liability of an incoming partner begins from ........

Indian Partnershoip Act (IPA) 1930 Others
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    The liability of an incoming partner begins from:

    The date of his joining the firm i.e. admission.

    Incorrect Answer

    The date when the firm came into, existence.

    Incorrect Answer

    The date of his joining the firm i.e. admission, but he could agree to be liable for the acts of firm done before his admission.

    Correct Answer

    The date of his joining the firm i.e. admission, but he could be made liable for the acts of firm done before his admission when a fraud has been committed by the firm. 

    Incorrect Answer
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    Explanation:

    The date of his joining the firm i.e. admission, but he could agree to be liable for the acts of firm done before his admission.

    By: santosh
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