Which of the following Section defines the doctrine of holding out creating the liability on a lsquo...........

Indian Partnershoip Act (IPA) 1930 Right and Duties etc

Which of the following Section defines the doctrine of holding out, creating the liability on a ‘Non-partner’ under Indian Partnership Act?

Section 28

Section 29

Section 30

Section 31

- Option 1: Section 28

- This section does define the doctrine of holding out.

- It states that a person who represents themselves as a partner, even if not officially a partner, can be held liable for partnership obligations.

- Option 2: Section 29

- Relates to the rights of a transferee of a partner's interest.

- Does not deal with the doctrine of holding out.

- Option 3: Section 30

- Discusses the rights of minors who are admitted into the benefits of a partnership.

- Not relevant to the doctrine of holding out.

- Option 4: Section 31

- Pertains to the admission of a new partner.

- Doesn't involve the doctrine of holding out.

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