Multiple Choice Questions on Release of his share interest in the partnership property by a partner in favour of other partners i........... for Judicial Services Exam (JS) Preparation

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Multiple Choice Questions

Release of his share interest in the partnership property by a partner in favour of other partners i...........

Registeration Act 1908 Introduction and Definition
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    Release of his share/interest in the partnership property by a partner, in favour of other partners is -

    A movable property requiring compulsory registration being in the nature of gift

    Incorrect Answer

    A movable property requiring no registration

    Correct Answer

    An immovable property requiring compulsory registration

    Incorrect Answer

    An immovable property requiring no registration.

    Incorrect Answer
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    Explanation:

    The interest of a partner in partnership assets cannot be regarded as a right or interest in immovable property within the meaning of Section 17 (1) (b) of the Registration Act.

    Addanki Narayanappa And Ors. vs Bhaskara Krishtappa And Ors. on 8 December, 1958

    By: Parvesh Mehta
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